Reading Time: < 1 minute CNS Canada — The Baltic Dry Index has seen some strength over the past two months, rising to its highest levels in nearly three years. The BDI settled Monday at 1,355 points, having gained roughly 500 points over the past two months. The index was last this high in November 2014. The BDI is compiled […] Read more
Baltic Dry Index hits three-year highs
Feds step in to restore rail service to Churchill
Reading Time: 3 minutes CNS Canada — The federal government says it’s prepared to restore rail service to Hudson Bay at Churchill, Man. The Hudson Bay Railway, running from The Pas to Churchill, was closed in the spring of 2017 after flooding damaged multiple sections of the route to the northern Manitoba community. U.S. rail operator OmniTrax, the line’s […] Read more
Right from the farm
Farmer-owned Capricorn Bay bridges the planter-drill divide
Reading Time: 4 minutes The Prince family runs a large-scale family farm in southwestern Manitoba, where for years they have wished for a single, effective piece of seeding equipment that they could use for all of their crops. Now, they’ve turned that dream into a market-ready implement and a fledgling equipment brand. Their on-farm creation, the PPS planter, can […] Read more
New investment leads to new chief at Morris
Reading Time: 2 minutes A major cash infusion from a pair of Calgary private investment firms, among others, has put new hands at the helm of farm equipment maker Morris Industries. Morris on Tuesday announced its president, Ben Voss — a Saskatoon engineer and farmer, and one of the players in the new investment group — has also been […] Read more
Diesel prices could rise further in Harvey’s wake
Reading Time: 2 minutes CNS Canada — Diesel prices in Western Canada have risen by about six to seven cents a litre since Hurricane Harvey ravaged the petroleum-rich Texas coast. An expert with the fuel industry says harvest pressure will likely keep the diesel market from correcting downward, and push prices up a bit more. “So (the market) appears […] Read more
Saskatchewan rancher pleads guilty over stolen ag equipment
Reading Time: 2 minutes A western Saskatchewan cattle rancher has pled guilty on 18 charges over the discovery last year of tractors, balers and other farm equipment reported missing in the region, according to Saskatoon media. Iain Stables, 39, of the RM of Montrose entered guilty pleas in Provincial Court in Saskatoon Monday on 17 counts of possession of […] Read more
CSX tackling service issues, CEO tells rail regulator
Reading Time: < 1 minute Detroit | Reuters — CSX Corp. said it is dealing with service issues even as it forges ahead with a controversial overhaul of its network that has led dozens of trade groups to call for an investigation into disruptions at the No. 3 U.S. railroad. In a letter released by the regulator on Monday, CSX […] Read more
Harvey’s rains sending fuel prices higher
Reading Time: 2 minutes Houston | Reuters — U.S. fuel prices surged on Monday as two more Gulf Coast refiners cut output and a third considered reductions, leaving more than 13 per cent of the country’s refining capacity offline after Tropical Storm Harvey flooded plants and shut seaports. The storm swung back over the Gulf of Mexico on Monday […] Read more
Toromont to buy Cat dealer Hewitt
Reading Time: < 1 minute Reuters — Toromont Industries said Monday it would buy privately held Hewitt Group for about $1.02 billion in cash and shares to expand its network of heavy equipment dealers in Eastern Canada. Through the deal, Concord, Ont.-based Toromont will acquire Hewitt’s 45 Caterpillar dealerships in Quebec, the Maritimes, Labrador and Ontario, increasing the number of […] Read more
Greig: Southern Ontario farmers protest high-speed rail impact
Reading Time: 3 minutes A power corridor that runs from London to Kitchener, Ont. has been a silent neighbour for many who farm in that area. But it’s looking a lot more menacing to them lately, as the likely route for a proposed high-speed rail line from London to Toronto, with stops in Kitchener-Waterloo and Guelph. Farmers in the […] Read more
A message from April Stewart, Country Guide's Associate Editor
