The federal finance department has scrapped its plan to delay implementation of legislation passed by Parliament that would reduce the tax burden for intergenerational transfers of small businesses, such as family farms. Bill C-208, the private member’s bill that was sponsored by Manitoba Conservative MP Larry Maguire, received Royal Assent before Parliament rose for the… Read More

The federal government has announced a last-minute extension to the application deadline for its Canada Emergency Business Account (CEBA) loan program, as well as hinted at future changes that could help more businesses — including farms — qualify for the small business loan. Deputy Prime Minister and Minister of Finance, the Honourable Chrystia Freeland, on… Read More

This week there was a small but significant cabinet shuffle that will prove very impactful on how Canada steers through the remaining COVID-19 economic challenges. Chrystia Freeland was sworn in as finance minister after the resignation of Bill Morneau. With such a big change at the most senior levels of the cabinet, it may create… Read More

Canada, Mexico, and the United States of America have signed off on the final details of the United States-Mexico-Canada Agreement (USMCA). The overall revamping of the 25-year-old North American Free Trade Agreement was accomplished at the end of September, 2018, and negotiators have been on the file ever since to move the agreement closer to… Read More

Round eight of the North American Free Trade Agreement (NAFTA) talks has been a month-long process of trying to reach common ground in Washington, with the majority of the chapters yet to be closed. This week, U.S. House Speaker Paul Ryan informed the trade negotiators that in order for Congress to have a chance to… Read More

A photo surfaced yesterday showing former federal trade minister Ed Fast and current federal minister of international trade Chrystia Freeland sharing a full-on hug in the House of Commons at Ottawa. Wait a minute…how can this be? Fast is a Conservative with the former ruling government. Freeland is with the still-shiny-new current Liberal government. Aren’t they supposed… Read More

The federal government is “purposefully delaying” making a commitment that Canada will participate in the Trans-Pacific Partnership, says the trade critic for the Official Opposition. Gerry Ritz, who was the agriculture minister when the terms of the TPP were finalized prior to the federal election last fall, says the Liberals appear intent on dragging out… Read More

Dairy Farmers of Canada is welcoming the federal government’s commitment to providing a compensation package to mitigate the impact of the Canada-EU trade deal. There have been questions about the Liberals’ plans for trade deal compensation after the Conservatives pledged a $4.3 billion program for the supply-managed dairy and poultry sectors prior to their defeat… Read More

Farmland values across Canada continue to climb. Some very early seeding is beginning in the West, although there are concerns about dryness. Canada and the EU continue to work on their trade deal, and a popular reality TV veterinarian is showing how farmers care for their animals. We hear from FCC economist JP Gervais, trade minister… Read More