Reading Time: 4 minutes Changes to Canadian dairy supply management in the final text of the new U.S.-Mexico-Canada Agreement give up oversight of the system to the U.S., Canada’s dairy farmer group warns. The trade deal, signed Friday in Buenos Aires by Prime Minister Justin Trudeau, U.S. President Donald Trump and Mexico’s outgoing President Enrique Pena Nieto, now goes […] Read more
USMCA costs Canada sovereignty in ag policy, critics warn
U.S., Canada, Mexico sign trade deal after last-minute brinkmanship
Reading Time: 2 minutes Buenos Aires | Reuters — The leaders of Mexico, Canada and the United States signed a North American trade pact on Friday after brinkmanship over the final details of the deal continued through the eve of the signing. They agreed on a deal in principle to govern the more than trillion dollars of mutual trade […] Read more
Dairy issue nags as U.S., Canada prepare to sign trade pact
Reading Time: 2 minutes New York/Ottawa | Reuters — Dairy remains a sticking point between the United States and Canada as the countries prepare to sign a new North American trade pact this week, according to four sources familiar with the matter. U.S. objections to Canada’s protected internal market for dairy products was a major challenge facing negotiators during […] Read more
Canada to work with China on trade deal despite USMCA clause, Trudeau says
Reading Time: 2 minutes Singapore | Reuters — Canada and China will continue to work together toward an “eventual” free trade deal, Canadian Prime Minister Justin Trudeau said on Thursday. This is despite the country being a signatory to the North American Free Trade Agreement (NAFTA), which specifies that if one of its partners enters a free trade deal […] Read more
Canadian cattle’s access to Philippines restored
Reading Time: 2 minutes The regulatory path has been cleared to resume exports of live Canadian cattle to the Philippines, reopening a market worth an estimated $8 million per year. The federal government on Monday announced the resumed export clearance, along with new market access for Canadian sheep and goat genetics exports to both Indonesia and the Philippines. The […] Read more
U.S. Senate will not vote on USMCA in 2018, McConnell says
Reading Time: 2 minutes Washington | Reuters — The U.S. Senate’s top Republican said on Tuesday that senators will not vote to approve a revised North American trade pact in 2018, leaving the issue to the next Congress. Senate majority leader Mitch McConnell told Bloomberg Television that the Senate will not have time to take up the new United […] Read more
Trade certainty doesn’t translate to higher loonie
Reading Time: 2 minutes CNS Canada — Even with more certainty around trade with the U.S., Canadians shouldn’t expect to see the dollar flying in value. “It’s hard for me to see the Canadian dollar gain value against the U.S. dollar in the short term, unless the Bank of Canada totally revises its stance towards interest rates,” said J.P. […] Read more
Dairy farmers unhappy after meeting Trudeau on USMCA
Reading Time: 2 minutes Ottawa | Reuters — Canadian dairy farmers met Prime Minister Justin Trudeau on Thursday to discuss his politically-risky move to open up the protected domestic market to U.S. industry but complained he had not given them details about compensation. As part of the talks to complete the new United States-Mexico-Canada Agreement (USMCA) trade deal, Canada […] Read more
ICE weekly outlook: Soyoil, not weather, main influence on canola
Reading Time: < 1 minute CNS Canada — Wet and snowy weather now plaguing the Prairies isn’t to blame for the canola market’s recent upswing, according to one trader. “Canola’s been firm but it really hasn’t shown any reaction whatsoever to the weather; it’s going up because bean oil’s going up and it’s lagging the bean oil gains by quite […] Read more
Trade pact clause seen deterring China trade deals with Canada, Mexico
Reading Time: 3 minutes Washington | Reuters — China’s hopes of negotiating a free trade pact with Canada or Mexico were dealt a sharp setback by a provision deep in the new U.S.-Mexico-Canada trade agreement that aims to forbid such deals with “non-market” countries, trade experts said on Tuesday. The provision specifies that if one of the current North […] Read more
A message from April Stewart, Country Guide's Associate Editor
