London | Reuters — Britain could join a formal trade alliance with the United States, Canada and Mexico if the European Union refuses to clinch a post-Brexit trade deal, the Daily Telegraph newspaper reported on Tuesday. The newspaper said British ministers were looking at joining the North American Free Trade Agreement (NAFTA) as part of […] Read more
Tag Archives brexit — page 3
Britain reported looking to NAFTA if Brexit deal fails
U.K. farming minister seeks big changes to farm policy post-Brexit
Birmingham | Reuters –– Britain’s farm policy is set for a major shake-up when the country leaves the European Union because the current system is poor value for money, has too much red tape and provides few incentives to use the latest technologies, farming and environment minister Andrea Leadsom said Tuesday. Leadsom said she was […] Read more
Canada expects Britain to be part of CETA
London | Reuters –– Canada expects Britain to be part of the CETA trade deal between Canada and the European Union, and stands ready to work with Britain on how the system will function after Brexit, Finance Minister Bill Morneau told BBC radio on Wednesday. He also defended Canada’s NAFTA trade deal with the U.S. […] Read more
Britain to plug EU funding gap for farms, colleges
London | Reuters — Britain will fill a gap of as much as 4.5 billion pounds (C$7.5 billion) in funding for agriculture, universities and its regions that will open up when Britain leaves the European Union, finance minister Philip Hammond said. Scientists, farmers and others who got EU funding were facing uncertainty after Britain voted […] Read more
Canada/EU trade pact seen possible despite headwinds
Canada still has a good shot at ratifying its trade deal with the European Union, despite turmoil within the EU, according to Canadian government officials. The United Kingdom’s recent referendum vote to leave the EU doesn’t legally change the ratification of the Canada/EU Comprehensive Economic Trade Agreement (CETA) in any way, a federal official said […] Read more
EU farming chief wants rapid Brexit talks, plans new dairy aid
Hannover, Germany | Reuters — Europe’s agriculture industry, already grappling with a dairy crisis, wants rapid talks about Britain’s exit from the European Union to minimise disruption, EU farming commissioner Phil Hogan said on Thursday. “Farmers know better than anyone that you need stability and certainty to plan for the future,” Hogan said in a […] Read more
U.S. livestock: Cattle up on short-covering, hogs mostly higher
Chicago | Reuters — U.S. live cattle futures gained for the second straight session on Tuesday, rising on short-covering and bull-spreading amid expectations for gains in cash cattle prices this week, traders and analysts said. A rebound in stock markets following declines tied to Britain’s decision in a referendum last week to exit the European […] Read more
Loonie tanks post-Brexit, but benefits minimal for farmers
CNS Canada — The Canadian dollar slipped after Britain voted Thursday to leave the European Union, a trend which one financial analyst expects to continue in an otherwise uncertain environment. But the loonie hasn’t fallen far enough to bring support to Canadian commodity markets. “Short-term, we’re going to be dealing with the day-to-day volatility and […] Read more
U.S. livestock: Cattle tumble, hogs decline on liquidation after Brexit
Chicago | Reuters –– U.S. live cattle tumbled more than two per cent on Friday, extending the week’s losses to the largest in about two months, as investors liquidated holdings following Britain’s referendum vote to exit the European Union, traders and analysts said. Feeder cattle futures also fell sharply while lean hogs notched smaller declines […] Read more
U.S. grains: Soy, corn drop on Brexit fallout
Chicago | Reuters — U.S. corn and soybeans fell on Friday, caught up in a broad commodity sell-off as investors shed risky assets following Britain’s vote to leave the European Union. Wheat was mixed, with the front-month Chicago Board of Trade soft red winter wheat contract eking out a small gain on short-covering while deferred […] Read more
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