General, Agriculture News & Resources

Michelin to buy ag track maker Camso

By Country Guide Staff July 19, 2018

Reading Time: 2 minutes The Michelin Man is set to take on much more field work with a US$1.45 billion deal for Quebec off-the-road track and tire manufacturer Camso. The deal, pending regulatory approval, calls for France’s Michelin to combine its off-the-road (OTR) business with Camso in a new division. “By joining forces with Camso, Michelin will create the […] Read more

Italian sausages, cheeses and other traditional foods for sale in Milan’s Piazza del Duomo in December 2016. (Florin1961/iStock/Getty Images)

General, Markets, Reuters

Italy in no rush to reject EU-Canada trade deal

By Reuters July 16, 2018

Reading Time: 2 minutes Brussels | Reuters — Italy is in no hurry to bring the European Union’s free trade agreement with Canada to a parliamentary vote, its farm minister said on Monday, suggesting its opposition to the deal may be easing. Ministers of the eurosceptic 5-Star/League government have said Italy would not ratify CETA (the Comprehensive Economic and […] Read more

General

National job vacancy rate increases in ag sector

By Terry Fries July 15, 2018

Reading Time: 2 minutes CNS Canada — The national job vacancy rate in the agriculture, forestry, fishing and hunting sector is increasing compared to the same period a year ago. Data for the first quarter of 2018, ending April 30, showed a vacancy rate of 6.9 per cent in the sector compared to 5.3 per cent in the first […] Read more

Sea surface temperature anomalies for the week centred on July 4, 2018. (CPC.ncep.noaa.gov)

General, Reuters, Weather

Forecaster sees 65 per cent chance of El Nino emerging in fall

By Reuters July 15, 2018

Reading Time: < 1 minute Reuters — Chances of the emergence of the El Nino weather pattern have increased to 65 per cent during the fall and 70 per cent during winter 2018-19, a U.S. government weather forecaster said on Thursday. The last El Nino, a pattern that brings a warming of ocean surface temperatures in the eastern and central […] Read more

General, Markets, Reuters

Beef, eggs, feed fatten Cargill’s profits

By P.J. Huffstutter, Tom Polansek July 12, 2018

Reading Time: 2 minutes Chicago | Reuters — Strong global demand for beef and animal feed fattened grain trader Cargill’s profits in fiscal year 2018, which were also boosted by trade tensions and South American weather woes, the company said on Thursday. For the full year, adjusted operating earnings reached $3.2 billion, up six per cent from fiscal 2017 […] Read more

General, Reuters

Tim Hortons to enter China

By Karan Nagarkatti, Nichola Saminather July 11, 2018

Reading Time: 3 minutes Reuters — Canadian coffee-and-donut chain Tim Hortons will open 1,500 outlets in China over the next decade, capitalizing on a growing cafe culture in the world’s second-largest economy, the chain’s parent Restaurant Brands International said on Wednesday. Restaurant Brands shares rose almost three per cent after the company announced the Tim Hortons move into China […] Read more

General, Markets

Consider hedging against rate hikes, farmers advised

By Terry Fries July 11, 2018

Reading Time: 2 minutes CNS Canada — The Bank of Canada has raised its benchmark interest rate to 1.5 per cent, marking the fourth time it has raised rates since last summer. The increase from 1.25 per cent is the base rate retail banks pay for short-term loans, but consumer rates for mortgages, lines of credit and other loans […] Read more

General, Markets

Ag balance sheet points to stable farm economy

By Terry Fries June 20, 2018

Reading Time: 3 minutes CNS Canada — Canadian farmers saw their farm equity climb almost seven per cent last year compared to the year before — and Farm Credit Canada’s principal agricultural economist said that falls in line with FCC’s analysis. Data released by Statistics Canada on Wednesday showed 2017 farm equity climbed to $535.3 billion, up $34.6 billion […] Read more

General, Markets, Reuters

Trump says ‘getting there’ in NAFTA talks

By Reuters June 19, 2018

Reading Time: 2 minutes Washington | Reuters — U.S. President Donald Trump said on Tuesday progress was being made in slow-moving talks to update the NAFTA trade accord between the U.S., Canada and Mexico, but he held out the prospect of striking bilateral pacts if a three-way deal could not be reached. “We’re trying to equalize it. It’s not […] Read more

(Canada Border Services Agency video screengrab)

General, Markets, Reuters

Canada says agreed with U.S. to keep NAFTA alive, no talks set

By David Ljunggren June 14, 2018

Reading Time: 2 minutes Reuters — Canada agreed with the U.S. on Thursday that slow-moving talks to update NAFTA should continue, although they did not set a date for the next round, a senior official said in remarks casting further doubt on the chances of a deal this year. Negotiations to modernize the North American Free Trade Agreement started […] Read more

Daily Network News

El Niño risk building, U.S. forecaster says; ENSO-neutral expected to continue to June

ICE weekly: War news driving canola markets

War is increasing food prices, insecurity say IMF, World Bank and UN food agency

General

Michelin to buy ag track maker Camso

Italy in no rush to reject EU-Canada trade deal

National job vacancy rate increases in ag sector

Forecaster sees 65 per cent chance of El Nino emerging in fall

Beef, eggs, feed fatten Cargill’s profits

Tim Hortons to enter China

Consider hedging against rate hikes, farmers advised

Ag balance sheet points to stable farm economy

Trump says ‘getting there’ in NAFTA talks

Canada says agreed with U.S. to keep NAFTA alive, no talks set

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