Apr 27, 2019
UPDATE 1-Canada to enact final tariffs for two types of steel © Reuters. UPDATE 1-Canada to enact final tariffs for two types of steel (Adds response from Canadian steel industry body)
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UPDATE 1-Canada to enact final tariffs for two types of steel © Reuters. UPDATE 1-Canada to enact final tariffs for two types of steel (Adds response from Canadian steel industry body)
UPDATE 1-Canada factory sales drop as shutdowns hit oil refinery output
UPDATE 1-Canada factory sales drop as shutdowns hit oil refinery output
© Reuters. UPDATE 1-Canada factory sales drop as shutdowns hit oil refinery output
(Adds details of release, background)
OTTAWA, June 15 (Reuters) – Canadian manufacturing sales unexpectedly fell 1.3 percent in April from March as maintenance shutdowns cut output at oil refineries, Statistics Canada data indicated on Friday.
Analysts in a Reuters poll had forecast a 0.6 percent increase from…
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UPDATE 1-Canada wholesale trade jumps 1.1 pct in March on autos, parts
UPDATE 1-Canada wholesale trade jumps 1.1 pct in March on autos, parts
UPDATE 1-Canada wholesale trade jumps 1.1 pct in March on autos, parts
(Adds details of release, background)
OTTAWA, May 22 (Reuters) – Canadian wholesale trade jumped by 1.1 percent in March, the largest month-on-month rise for five months, thanks largely to strength in the motor vehicle and parts subsector, Statistics Canada said on Tuesday.
The increase – greater than t… All News
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UPDATE 1-Canada backs Syria strikes but others at Americas summit concerned © Reuters. UPDATE 1-Canada backs Syria strikes but others at Americas summit concerned (Adds details, background) By Lisandra Paraguassu and Roberta Rampton LIMA, April 14 (Reuters) - Canadian Prime Minister Justin Trudeau o... All News
UPDATE 1-Canada provincial party elects new leader months before polls © Reuters. UPDATE 1-Canada provincial party elects new leader months before polls (Recasts with election result, adds quotes)
UPDATE 1-Canada to downsize Wheat Board, change directors
* Board has 4 years to draft business planOTTAWA, Oct 18 (Reuters) - Canada's government will give the Canadian Wheat Board certain financial guarantees, but will not give it seed capital or regulated access to grain handlers after the board loses its grain marketing monopoly next year, according to draft legislation unveiled on Tuesday.The Conservative government has long promised to end the board's 69-year-old monopoly to market Western Canada's wheat and barley for export or milling.The change would allow farmers to sell directly to grain handlers, instead of marketing those crops only through the Wheat Board.The draft legislation said Ottawa would continue to guarantee Wheat Board borrowing for a five-year period, guarantee the board's initial payments to farmers and help with downsizing costs. But it will not provide seed capital or regulated access to grain handlersThe assistance falls well short of requests by the CWB as it moves to become a voluntary marketer of grain in an open market system. The Wheat Board, which had revenues of C$5.8 billion ($5.7 billion) in 2010-11, has no retained earnings or grain-handling facilities of its own.Viterra Inc , Richardson International Ltd and Cargill Incown the largest networks of grain-handling elevators and port terminals in Western Canada.The Conservative government aims to pass its legislation by the end of 2011. The CWB's monopoly would end as of Aug. 1, 2012, the start of the 2012-13 crop marketing year.Canada is the biggest exporter of spring wheat, durum and malting barley, mostly through the Wheat Board.The Wheat Board's elected chairman, Allen Oberg, vowed on Monday to fight the government's bid to end the monopoly. But once the House of Commons passes the new legislation, Ottawa will remove all 10 farmer-elected directors of the board, including Oberg, leaving in place Chief Executive Ian White and four other federal appointees.The new board has four years, likely starting early in 2012 after the legislation is approved, to draft a sustainable business plan, which it would implement in the fifth year.
UPDATE 1-Canada to downsize Wheat Board, change directors
* Board has 4 years to draft business planOTTAWA, Oct 18 (Reuters) - Canada's government will give the Canadian Wheat Board certain financial guarantees, but will not give it seed capital or regulated access to grain handlers after the board loses its grain marketing monopoly next year, according to draft legislation unveiled on Tuesday.The Conservative government has long promised to end the board's 69-year-old monopoly to market Western Canada's wheat and barley for export or milling.The change would allow farmers to sell directly to grain handlers, instead of marketing those crops only through the Wheat Board.The draft legislation said Ottawa would continue to guarantee Wheat Board borrowing for a five-year period, guarantee the board's initial payments to farmers and help with downsizing costs. But it will not provide seed capital or regulated access to grain handlersThe assistance falls well short of requests by the CWB as it moves to become a voluntary marketer of grain in an open market system. The Wheat Board, which had revenues of C$5.8 billion ($5.7 billion) in 2010-11, has no retained earnings or grain-handling facilities of its own.Viterra Inc , Richardson International Ltd and Cargill Incown the largest networks of grain-handling elevators and port terminals in Western Canada.The Conservative government aims to pass its legislation by the end of 2011. The CWB's monopoly would end as of Aug. 1, 2012, the start of the 2012-13 crop marketing year.Canada is the biggest exporter of spring wheat, durum and malting barley, mostly through the Wheat Board.The Wheat Board's elected chairman, Allen Oberg, vowed on Monday to fight the government's bid to end the monopoly. But once the House of Commons passes the new legislation, Ottawa will remove all 10 farmer-elected directors of the board, including Oberg, leaving in place Chief Executive Ian White and four other federal appointees.The new board has four years, likely starting early in 2012 after the legislation is approved, to draft a sustainable business plan, which it would implement in the fifth year.
UPDATE 1-Canada to support Wheat Board for up to 5 years
By Rod NickelWINNIPEG, Manitoba, Oct 17 (Reuters) - Ottawa will support the Canadian Wheat Board for up to five years after it dismantles the board's 69-year-old grain marketing monopoly, a senior government source said on Monday.The federal government plans to introduce legislation on Tuesday to remove the Wheat Board's monopoly over Western Canada's wheat and barley for milling and export.The Conservative government intends to pass the legislation by the end of 2011 and move to an open market system on Aug. 1, 2012.For the following five years, Ottawa is willing to help the board survive in an open market, the senior government source said, adding that the government will outline details of its plans in the new legislation."Western Canadian wheat and barley farmers can better drive our economy and create jobs if they have marketing freedom, whether that's through a voluntary Canadian Wheat Board or on an open market," according to the source."To do that, it's expected that the legislation will allow the government to support the Wheat Board's transition for up to five years, when they will be expected to transition to full private ownership."Financial assistance seems likely to be included in the government's support plan, and the Wheat Board called earlier in the day for start-up capital and a reserve fund worth a total of C$425 million ($417 million).The CWB also wants regulated access to grain-handling elevators and port terminals, since it owns none, and continued government guarantees of its borrowings.Viterra Inc , Richardson International Ltd and Cargill Incown the largest networks of grain-handling elevators and port terminals in Western Canada.Canada is the world's biggest exporter of spring wheat, durum and malting barley.