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Tag Archives CUSMA

General, Machinery, Markets, Reuters

New finance minister Freeland no longer to spearhead U.S. relations

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Reading Time: 2 minutes Ottawa | Reuters — Chrystia Freeland will no longer be in charge of spearheading diplomatic relations with the United States now that she is Canada’s new finance minister, three government sources told Reuters Wednesday. Prime Minister Justin Trudeau had made Freeland his main U.S. go-between when he named her deputy prime minister after last year’s […] Read more
General, Machinery, Markets, Reuters

CUSMA pact takes effect under cloud of disputes, COVID-19

Deal appears to assure continuity of trade for agriculture

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Reading Time: 3 minutes Washington/Mexico City/Ottawa | Reuters — A modernized U.S.-Mexico-Canada trade pact took effect on Wednesday, ensuring continuity for manufacturers and agriculture, but the threat of disputes is exposing cracks in what was meant to be a stronger North American fortress of competitiveness. As the deal kicks in, the Trump administration is threatening Canada with new aluminum […] Read more
Crops, Markets

New declaration requirements coming up for grain deliveries

Regulatory changes also allow Canadian grades for U.S.-grown grain

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Reading Time: 3 minutes Changes are afoot as early as next week for growers from all across Canada — and from the United States — who deliver grain to licensed Canadian buyers, as revised trade rules take effect between the two countries. With the Canada-United States-Mexico Agreement (CUSMA), the successor trade deal to NAFTA, taking effect, new regulations addressing […] Read more
Beef Cattle, Livestock, Markets

President’s cattle call finds expected marks in U.S.

Trump suggests killing trade pacts with unnamed cattle-exporting nations

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Reading Time: 3 minutes U.S. President Donald Trump’s remarks Tuesday about imports of live cattle into the United States resonated predictably among that country’s various cattle producer groups. At a White House event Tuesday, flanked by U.S. farm and ranch leaders and Agriculture Secretary Sonny Perdue for a multi-billion-dollar COVID-19-related farm aid announcement, Trump said he “read yesterday where […] Read more
General, Markets, Reuters

CUSMA pact to take effect July 1, USTR says

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Reading Time: < 1 minute Washington | Reuters — U.S. Trade Representative Robert Lighthizer on Friday said he has notified Congress that the new U.S.-Mexico-Canada trade agreement will take effect on July 1, a month later than initially proposed. In a statement, Lighthizer said both Mexico and Canada had taken measures necessary to comply with their commitments under the U.S.-Mexico-Canada […] Read more
General, Markets, Reuters

Parliament hustles through CUSMA ratification

Implementing bill passes before Commons adjourns until April 20

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Reading Time: 2 minutes Ottawa | Reuters — Canada’s Parliament rushed through ratification of the new Canada-U.S.-Mexico (CUSMA) trade pact on Friday before taking a three-week break to help stop the spread of the coronavirus, a top government official said. Canada was the last of the three signatories to formally adopt the pact, prompting congratulations from the United States […] Read more
Crops

NFU sees red flags in CUSMA bill for grain growers

Bibeau urged to 'correct mistakes' in NAFTA 2.0-enabling legislation

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Reading Time: 2 minutes The National Farmers Union is warning of sweeping changes to Canadian grain regulation it sees tucked into federal legislation meant to put through the successor deal to NAFTA. Bill C-4, the implementing legislation for the Canada-U.S.-Mexico Agreement (CUSMA), passed second reading Feb. 6 and came back without amendment Feb. 27 from the Commons standing committee […] Read more
General, Markets, Reuters

Trump signs CUSMA pact

Canada's ratification still to come

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Reading Time: 3 minutes Washington | Reuters — President Donald Trump on Wednesday signed a new North American trade agreement during an outdoor ceremony at the White House attended by about 400 guests — but not the key Democrats who helped secure congressional passage of the deal. Trump, on trial in the U.S. Senate on charges of abusing power […] Read more
General, Markets

Improving global ag trade may not favour Canada

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Reading Time: 2 minutes MarketsFarm — When it comes to improving global trade relations, a rising tide may not lift all boats. In the recently-signed Phase One trade deal between the U.S. and China, Beijing pledged to significantly increase Chinese purchases of U.S. soybeans and other agriculture goods. “Where does that leave room for Canada, given the demand side […] Read more
Corn, Crops, Markets

CBOT weekly outlook: Corn set to rally

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Reading Time: < 1 minute MarketsFarm — Corn futures on the Chicago Board of Trade may be due for a rally. The March corn contract hit $3.92 per bushel three times earlier in the month, facing stiff resistance to break higher (all figures US$). Prices established lows last week, around $3.7525. “I would like to see resistance be taken to […] Read more

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