Reading Time: 2 minutes Ottawa | Reuters — Canada will maintain restrictions on non-essential travel with the United States until the coronavirus outbreak in both nations is much less serious, a senior government official said on Friday. The comments by federal Public Safety Minister Bill Blair suggest that the ban on non-essential travel could stay for months to come, […] Read more
Canada to keep U.S. border curbs until pandemic much less serious
Kraft Heinz to sell several cheese businesses to Lactalis
Canadian grated cheese lines among assets going for US$3.2 billion
Reading Time: < 1 minute Chicago | Reuters — Kraft Heinz said on Tuesday that it will sell several of its cheese businesses to a U.S. affiliate of France’s Groupe Lactalis for US$3.2 billion. After weak sales results and several billion-dollar writedowns over the past two years, there has been market speculation about which categories Kraft Heinz will offload from […] Read more
CBOT weekly outlook: The good and bad between the U.S., China
Reading Time: 2 minutes MarketsFarm — The current relationship between the United States and China has continued to be rather chaotic, according to Steve Georgy, president of Allendale Inc. at Fort McHenry, Ill. Despite the two countries’ diplomatic row, China has sharply picked up its purchases of U.S. soybeans. Georgy pointed to the 715,000 tonnes purchased by China on […] Read more
Non-essential travel limits extended at U.S. borders with Canada, Mexico
Reading Time: < 1 minute Washington/Ottawa | Reuters — Restrictions on non-essential travel at U.S. land borders with Canada and Mexico will be extended through Aug. 21, Canada and the United States announced Thursday. “Canada and the United States have agreed to extend the current border measures by one month until Aug. 21, and we’re going to keep working closely […] Read more
U.S. is ‘trouble maker’ in China-Canada relationship, envoy says
No word on whether China would retaliate against Canada over latest court decision
Reading Time: 2 minutes Ottawa | Reuters — The United States is using the case of a senior Chinese telecoms executive who was arrested in Vancouver on a U.S. warrant 18 months ago to create friction between China and Canada, China’s envoy to Canada said on Thursday. “The U.S. has been taking advantage of Canada, and the U.S. is […] Read more
CBOT weekly outlook: Prices stable, crops looking good
Reading Time: 2 minutes MarketsFarm — Over the last few weeks, soybean and corn prices on the Chicago Board of Trade (CBOT) have stabilized, according to Scott Capinegro of Barrington Commodities at Barrington, Ill. “And that’s a good thing. Where this goes from here is still anybody’s guess,” he said. Noting that the crops in the United States are […] Read more
India reduces tariffs on lentils
Reduction set for all lentil imports except from U.S.
Reading Time: < 1 minute MarketsFarm — India is temporarily reducing import tariffs on lentils originating from most countries. The India government’s Central Board of Indirect Taxes and Customs on Tuesday posted “Notice 26/2020-Customs,” which lowers import taxes on most lentils entering the country, from 30 per cent to 10 per cent. The reduction, which takes immediate effect, runs until […] Read more
China tells state firms to halt purchases of major U.S. farm products
Purchases of soybeans, pork, corn, cotton on hold
Reading Time: 2 minutes Beijing/Singapore | Reuters –– China has told state-owned firms to halt purchases of soybeans and pork from the United States, two people familiar with the matter said, after Washington said it would eliminate special treatment for Hong Kong to punish Beijing. Large-volume state purchases of U.S. corn and cotton have also been put on hold, […] Read more
Huawei executive loses key court argument in fight against extradition
Reading Time: 2 minutes Toronto/Vancouver | Reuters — Huawei’s chief financial officer Meng Wanzhou has lost a key aspect of the trial on her extradition to the United States, a Canadian court announced on Wednesday. Meng, a Chinese citizen, was arrested in December 2018 in Vancouver on a warrant issued by U.S. authorities, who accuse her of bank fraud […] Read more
Canada, U.S. agree on extension for ban on non-essential travel
Reading Time: < 1 minute Ottawa | Reuters — Canada and the United States have agreed to extend a ban on non-essential travel between the two nations by another 30 days as part of the fight against the coronavirus, Prime Minister Justin Trudeau said on Tuesday. U.S. and Canadian officials had said last week it was likely that the measure […] Read more
A message from April Stewart, Country Guide's Associate Editor
