Reading Time: 2 minutes A U.S.-owned artisanal butter processor in central Ontario is set to become an arm of Ontario dairy co-operative Gay Lea Foods. Michigan-based butter producer Butterball Farms has agreed to sell Stirling Creamery, based at Stirling, Ont., north of Belleville, to Gay Lea effective Nov. 1. Financial terms of the deal weren’t disclosed, though Gay Lea […] Read more
Gay Lea to buy central Ontario butter maker
Dairy firms plan joint processing venture in Winnipeg
Reading Time: 2 minutes Manitoba dairy producers are expected to get a new outlet for their raw milk from a new joint venture to process butter and dairy ingredients in Winnipeg. Mississauga-based dairy co-operative Gay Lea Foods and ingredient processor Vitalus Nutrition of Abbotsford, B.C. on Monday announced a joint venture to be based at an unnamed “existing food […] Read more
EU anti-globalization politician allowed to stay in Canada
Reading Time: 2 minutes Ottawa | Reuters — European Parliament member and anti-globalization activist Jose Bove will be allowed to stay in Canada after earlier being told to leave the country, according to organizers of an event where he had been scheduled to speak. The Council of Canadians, a social justice non-profit, said on Wednesday that a decision to […] Read more
NAFTA negotiators see gains for Canada if pact reopened
Reading Time: 2 minutes Reuters — Canada, fearful of talk by the U.S. presidential candidates to reopen the North American Free Trade Agreement, could use the opportunity to push for a better deal on worker mobility, dispute resolutions and other issues, Canadian negotiators of the original pact said. Republican Donald Trump calls NAFTA the worst trade deal signed by […] Read more
New Zealand dairy industry worries over Canada pricing plan
Reading Time: 2 minutes Wellington/Winnipeg | Reuters — New Zealand is closely watching changes in how Canada prices dairy products, New Zealand’s trade ministry said on Friday, as industry groups in several countries complain of unfair Canadian competition. Canada’s dairy farmers and processors, which include Saputo and Parmalat Canada, struck a pricing agreement in July that industry groups in […] Read more
Germany’s Gabriel gets green light to support CETA
Reading Time: 2 minutes Wolfsburg, Germany | Reuters — Germany appeared set on Monday to back an ambitious trade accord between the European Union and Canada after the leader of the Social Democrats (SPD), junior partner in the ruling coalition, overcame left-wing resistance to the deal within his party. The SPD decision paves the way for EU member states […] Read more
TPP study sees net ‘neutral’ effect on dairy sector
Reading Time: 4 minutes An economic impact study on Canada’s participation in a Trans-Pacific Partnership (TPP) trade deal finds losses in Canada’s dairy sector would be “offset” by gains for dairy processors from cheaper dairy imports. The study, prepared for the federal government by its Office of the Chief Economist and released Friday, notes Canada has offered expanded access […] Read more
Australia competition watchdog to widen dairy investigation
Reading Time: < 1 minute Sydney | Reuters — Australia’s competition watchdog will launch a broad investigation into the country’s dairy industry, the country’s deputy prime minister Barnaby Joyce said on Thursday. The investigation comes after Australia’s largest dairy processor Murray Goulburn and New Zealand’s Fonterra Co-operative Group in April reduced their farm gate prices, or what they pay farmers […] Read more
Saputo profit jumps, dividend raised
Reading Time: < 1 minute Reuters — Saputo Inc., one of Canada’s largest dairy producers, reported on Tuesday a 30 per cent jump in net earnings and boosted its quarterly dividend by 11 per cent. For Saputo’s fiscal 2017 first quarter, net income rose to $176.7 million, or 44 cents a share, from $136.4 million, or 34 cents, in the […] Read more
Liberals boost tax on quota
Planning to sell quota that is held in a corporation? Get some strategic tax planning, quick
Reading Time: 3 minutes Not surprisingly, the national media focused on proposals like the new tax-free Canada Child Benefit program when the Justin Trudeau government presented its first federal budget back in March. Buried underneath all the feel-good news, however, were some potentially painful changes to Eligible Capital Property (ECP) tax rules for incorporated businesses. Common examples of ECP […] Read more
A message from April Stewart, Country Guide's Associate Editor
