Glacier FarmMedia – The following is a glance at the news moving markets in Canada and globally.
– Canada and China reached a “preliminary but landmark” trade deal on Friday, reducing and eliminating tariffs on Canadian products while allowing Chinese electric vehicles into the Canadian market. China will drop canola seed duties to 15 per cent by March 1, while Canadian canola meal, lobsters, crabs and peas will no longer be subject to “anti-discrimination” tariffs from March to the end of 2026. In exchange, up to 49,000 Chinese EVs will enter the Canadian market at a duty of 6.1 per cent. Canadian canola oil, subject to a 100 per cent tariff, was not mentioned in the announcement. Greg Cherewyk, president of Pulse Canada, said he was glad the trade dispute was resolved in a short period of time. However, Ontario Premier Doug Ford said China would have a foothold on the Canadian auto market and Flavio Volpe, president of the Automotive Parts Manufacturers’ Association and a member of the prime minister’s council on Canada-U.S. relations, said the deal counters the federal government’s push to buy Canadian.
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Glacier FarmMedia – The following is a glance at the news moving markets in Canada and globally. – A…
– British Columbia’s forest ministry, with the involvement of Canada’s Department of Natural Resources, entered into a memorandum of understanding with China on Thursday on modern wood construction. The five-year, non-binding agreement would help China integrate Canadian lumber with China’s urban renewal and rural revitalization strategies, as well as explore multiple approaches for green developments. Beijing and Shanghai have allowed larger wood buildings to be constructed in recent years. B.C. Forests Minister Ravi Parmar said the deal with reduce the industry’s reliance on the United States.
– The Canadian Agricultural Review Tribunal issued a C$10,000 fine on Thursday to the owners of Universal Ostrich Farm in Edgewood, B.C. for failing to report avian influenza symptoms to authorities in December 2024. However, the tribunal ruled that the farm’s failure to inform the Canadian Food Inspection Agency of the infections was not intentional. The farm received international attention in 2025 as it issued multiple challenges to prevent a cull of its birds. The CFIA finally carried out the cull last November.
