GFM Network News


(Canada Border Services Agency video screengrab)

USMCA deal modestly boosts U.S. economy, trade panel finds

Reading Time: 4 minutes Washington | Reuters — The new North American free trade pact would modestly boost the U.S. economy, especially auto parts production, but may curb vehicle assembly and limit consumer choice in cars, a hotly anticipated analysis from the U.S. International Trade Commission showed on Thursday. The ITC report is a crucial step in the push […] Read more

A 2013 Ford F-150. (Ford Media video screengrab via YouTube)

Ford recalls 1.48 million pickups over transmissions

Reading Time: 2 minutes Washington | Reuters — Ford Motor Co. said on Wednesday it was recalling about 1.48 million F-150 pickup trucks in North America due to a potential transmission downshift issue that could increase the risk of a crash. Ford said select 2011-2013 model year trucks with six-speed automatic transmission could experience an unintended downshift into first […] Read more





U.S. President Donald Trump holds up a cap reading “Make Our Farmers Great Again” while delivering remarks at a showcase of U.S.-made products at the White House in Washington on July 23, 2018. (Photo: Reuters/Carlos Barria)

Trump to offer U.S. farmers billions to ease trade pain

Reading Time: 3 minutes Washington/Kansas City | Reuters — The Trump administration on Tuesday said it would provide up to US$12 billion in aid for U.S. farmers to shield them from the repercussions felt by trade spats between the United States and China, the European Union and others. China has targeted U.S. agricultural exports with tariffs in retaliation to […] Read more



A Whole Foods storefront in New York City. (WholeFoodsMarket.com)

Amazon to cut Whole Foods prices amid intense grocery turf war

Reading Time: 2 minutes Reuters — Amazon.com said Thursday it will cut prices on a range of popular goods as it completes its acquisition of Whole Foods Market, sending shares of rival grocers tumbling over fears of even more brutal market share battles. Amazon’s $13.7 billion purchase of Whole Foods, which won antitrust approval from U.S. regulators on Wednesday, […] Read more

A Whole Foods Market store in San Francisco. (WholeFoodsMarket.com)

U.S. FTC clears Amazon acquisition of Whole Foods

Reading Time: 2 minutes Washington | Reuters — The U.S. Federal Trade Commission said on Wednesday it has cleared Amazon.com’s planned US$13.7 billion acquisition of Whole Foods Market. The FTC said in a statement that it had reviewed whether the deal would substantially lessen competition or constituted an unfair method of competition and opted not to pursue its investigation […] Read more


(Dave Bedard photo)

U.S. proposes cutting biofuels requirements due to ‘market realities’

Reading Time: 2 minutes New York | Reuters — The U.S. government on Wednesday proposed reducing the volumes of biofuel required to be used in gasoline and diesel in 2018, in a move that could mark the first step towards a broader overhaul to the controversial energy policy. The U.S. Environmental Protection Agency (EPA) proposal marked a slight decline […] Read more