GFM Network News


Amended CUSMA pact includes anti-COOL clause

The new Canada-U.S.-Mexico Agreement (CUSMA), a free trade deal set to replace NAFTA, includes language meant to block any future bids at a trade-disrupting country-of-origin labeling (COOL) law. The new clause would, in theory, checkmate a move made last summer by some Democrat members of the U.S. House of Representatives to have a new North[...]

U.S. House passes CUSMA

Washington | Reuters -- The U.S. House of Representatives on Thursday backed a new trade agreement with neighbouring Mexico and Canada in a 385-41 bipartisan vote, sending the NAFTA replacement measure to the Senate for consideration early in 2020. Democrats, who control the House, approved the United States-Mexico-Canada Agreement (CUSMA) more than a year after[...]


Opposition MPs could delay CUSMA deal's ratification

Ottawa | Reuters -- Canada's two main opposition parties on Wednesday suggested they could move to delay ratification of a new continental trade pact, accusing the Liberal government of botching revisions to the treaty. Such a move would embarrass Prime Minister Justin Trudeau, who has vowed that Parliament will quickly approve the U.S.-Mexico-Canada Agreement (CUSMA).[...]

North American Grain and Oilseed Review Bids steady with little to push them

By Glen Hallick, MarketsFarm WINNIPEG, Dec. 10 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished either side of steady on Tuesday, getting little support from the Chicago soy complex. At mid-afternoon the Canadian dollar was firm at 75.56 U.S. cents, but continued to weigh on values. Reports stated that the two Canadians who have[...]


Canada, U.S., Mexico sign agreement, again, to replace NAFTA

Washington/Mexico City | Reuters -- Top officials from Canada, Mexico and the United States signed a fresh overhaul of a quarter-century-old trade pact on Tuesday that aims to improve enforcement of worker rights and hold down prices for biologic drugs by eliminating a patent provision. The signing ceremony in Mexico City launched what may be[...]

Freeland, U.S. and Mexican officials to meet to pin down trade deal

Washington/Mexico City | Reuters -- The Trump administration, Mexico and U.S. Democrats on Monday closed in on a deal for labour-related changes to a languishing North American trade pact that may soon allow it to proceed to a vote, as the window for passage this year quickly narrows. U.S. Trade Representative Robert Lighthizer and White[...]


Throne speech kicks off Parliament with nod to agriculture

The federal throne speech opening the first session of Canada’s 43rd Parliament further committed the Liberal minority government to combating climate change, supporting natural resource sectors and removing international trade barriers. Including a pledge to achieve net-zero emissions by 2050, the speech, delivered Thursday in Ottawa, showed the government again demonstrating its commitment to a[...]

CBOT weekly outlook: Impeachment process stifles markets

MarketsFarm -- U.S. President Donald Trump's impeachment hearings have dominated headlines and stalled progress in numerous trade developments, leaving the Chicago Board of Trade (CBOT) starved of meaningful news. The Canada-U.S.-Mexico Agreement (CUSMA) has yet to be ratified by the U.S. House of Representatives. The trade pact, meant to replace the North American Free Trade[...]


Trump says impeachment inquiry could derail North America trade deal

Washington/Mexico City | Reuters -- U.S. President Donald Trump warned on Wednesday that an impeachment inquiry against him could derail congressional approval of a North America trade pact, dragging down Mexico's peso and stock market as investors fled riskier assets. While U.S. Trade Representative Robert Lighthizer said he was confident the U.S-Mexico-Canada trade agreement would[...]

Editor's Note: Did farms make the right choices?

Here is what I wrote in September 2008: “Somewhere in the land and in the barns that are being bought and sold, and in the equipment purchases, and in the new partnerships that are being formed and the old ones that are falling apart, there are the beginnings of trends that we’ll point to in[...]