Reading Time: 2 minutes Ontario and Alberta have signed agreements to build new trade infrastructure between the two provinces.
Ontario, Alberta sign new agreements on energy trade
Deal suggests new rail trade to Ontario, access to deep water port in James Bay
Alberta to ban renewables projects on prime agricultural land
Rules could create a backdoor land ban, analyst says
Reading Time: 2 minutes Alberta will ban renewable power projects on prime agricultural land and erect buffer zones to ensure wind turbines do not spoil scenic views, the provincial government said on Wednesday.
Commodity prices to remain high in 2024, drop in 2025 – HSBC
Most agricultural products expected to outperform energy, industrial metals amid supply constraints, dry weather
Reading Time: < 1 minute Squeezed supply, improved Chinese demand and the global energy transition will keep commodity prices elevated in 2024, before falling the following year, forecasted British banking group HSBC today.
Greek farmers stage tractor protest against soaring energy costs
Reading Time: 2 minutes Larissa | Reuters — Farmers in central Greece on Friday protested with hundreds of tractors against soaring energy costs, dismissing government support measures as inadequate and demanding more help to cope with rising prices. The farmers parked tractors on a national highway near the town of Larissa in central Greece, where they faced off with […] Read more
ICE weekly outlook: Canola feeling the energy
Canola riding on fuels' bullish momentum
Reading Time: < 1 minute MarketsFarm — ICE Futures canola contracts moved steadily higher over the week ended Wednesday, hitting the top-end of a three month trading range. While tight Canadian supplies due to a Prairie drought have underpinned the market for some time, the latest strength and any future direction may be more closely tied to movement in energy […] Read more
Alberta gives oil and gas drillers municipal tax break
Reading Time: < 1 minute Reuters — Struggling oil and gas companies in Alberta will get a three-year break on municipal property taxes for land where they are drilling wells or building pipelines, the provincial government said on Monday. The Alberta government said it would also lower property tax assessments on less-productive wells and eliminate a provincial tax on drills. […] Read more
Meat leads Canadian industrial producer prices higher in May
Reading Time: 2 minutes Ottawa | Reuters — Canadian industrial producer prices rose 1.2 per cent in May on higher prices for meat, fish and dairy products, Statistics Canada said on Monday, as supply chain disruptions caused by the coronavirus pandemic and increased demand boosted meat prices. The gain in producer prices followed four months of consecutive decreases and […] Read more
U.S. livestock: Futures surge as investors snap up discounts
June live cattle limit up off Monday's limit-down drop
Reading Time: 2 minutes Chicago | Reuters — U.S. livestock futures surged on Tuesday — with live cattle futures up to their 4.5-cent expanded limit — as steep discounts in futures prices over the current cash markets wooed investors to buy back in, traders said. Feeder cattle also jumped to their normal trading day limits, as the sector overall […] Read more
Alberta farmers warned against oil well tampering
Advocate warns off 'reckless advice'
Reading Time: 2 minutes Alberta’s Farmers’ Advocate Office (FAO) is warning any farmers and ranchers in dispute with resource companies over compensation for well sites not to go in and tamper with the taps. The FAO last week issued a statement reminding the public that “interfering with any oil and gas infrastructure or that of an electrical distribution utility […] Read more
Maple Leaf lands ‘sustainability-linked’ credit
Reading Time: 2 minutes Canadian food processor Maple Leaf Foods is taking its recently-established sustainability cred to the bank. The Toronto food firm announced Wednesday it’s the first Canadian company to secure “sustainability-linked terms” for its credit facilities. Specifically, the company has picked up an unsecured committed revolving line of credit and two unsecured committed term facilities for a […] Read more
A message from April Stewart, Country Guide's Associate Editor
