At Farm Credit Canada, we project total tractor sales to increase 1.4 per cent in 2018 and decline 1.6 per cent in 2019. The outlook for combine and 4WD tractor sales is more pessimistic as sales are projected to normalize to levels below the 2013-17 average sales. Our projections embed a high level of uncertainty. […] Read more
Tag Archives donald trump — page 15
Commodity prices, trade cloud equipment sales projections
The decline in the Canadian dollar makes imported equipment more expensive for farmers
Tariff relief for Canada’s farmers at issue in Quebec election
Montreal |Reuters – Quebec farmers want further relief from a global tariff dispute ahead of Oct. 1 elections in the mostly French-speaking Canadian province, which has seen a recent rise in nationalist sentiment. Quebec’s ruling Liberals, centrists but separate from the federal Liberal party, launched their campaign on Thursday. They trail in polls behind the center-right Coalition Avenir Quebec […] Read more
Give up tariff, not TRQ
Economist argues there’s more damage by ceding tariff rate quota levels in trade deals than just reducing tariff
Public commentary regarding the North American Free Trade Agreement negotiations is mainly on the auto industry, as is appropriate. But another of U.S. President Donald Trump’s whipping boys is U.S. market access to Canada’s supply managed dairy and poultry industries. In the fourth round of the NAFTA discussions, the U.S. negotiators tabled a proposal to […] Read more
China plans tariffs on $60 bln of U.S. goods in latest trade salvo
Beijing | Singapore | Reuters – China proposed retaliatory tariffs on $60 billion worth of U.S. goods ranging from liquefied natural gas (LNG) to some aircraft on Friday, as a senior Chinese diplomat cast doubt on prospects of talks with Washington to solve their bitter trade conflict. The Trump administration tightened pressure for trade concessions from […] Read more
U.S. says farmers could get cash aid by Oct. but will not be made whole
Buenos Aires | Reuters – U.S. farmers could receive cash payments from a planned $12 billion aid package as soon as late September, U.S. Agriculture Secretary Sonny Perdue told Reuters on July 28, warning that the program will not make tariff-hit farmers whole. Perdue said in an interview on the sidelines of the G20 meeting […] Read more
Opinion: Caught in the crosshairs
Trump’s tariffs cause trouble on both sides of the border
An escalating global trade war shows no signs of slowing down. The United States filed five separate complaints in Geneva July 16 after several countries, including Canada, imposed retaliatory tariffs against a wide range of American goods after Washington imposed an import tariff on steel and aluminum products in June. Canada imposed a $16.6 billion […] Read more
Tarif-fying or not?
What does the escalating global tariff war mean for Ontario farmers?
The global trade dispute between a protectionist United States and many of its trading partners, including Canada, the European Union and China has Ontario farmers struggling to deal with an unknown outlook. There have been little hiccups on trade in the past, but since the Canada-U.S. Free Trade Agreement, which morphed into the North American […] Read more
Opinion: Length of trade war is the big question
Increased protectionism within the global trading environment is causing major shifts in how countries do business — and world leaders are scrambling to keep pace. Despite the existence of highly integrated economies, protectionism is growing in popularity — spurred on by a White House that seems to be doing everything in its power to cut […] Read more
Editorial: Politics and the markets
Trade jitters around the world haven’t moved agriculture markets much, but a recent market drop may be the start
The advent of the age of geopolitics based on whim and emotion has pressured agricultural commodities in ways I haven’t seen the like of in my career. Yet, commodity prices haven’t moved nearly as much as I expected, given U.S. President Donald Trump’s bombastic threats, bullying and policy creation on the fly, often aimed at […] Read more
OPINION: As Parliament closes for summer break, uncertainty dominates
It’s been a long haul. MPs wrapped up their last midnight sittings and headed home to their ridings for the summer. The last official sitting day was June 22. Bill C-45 is at the heart of the government’s promise to legalize cannabis, while Bill C-46 deals with impaired driving. Both bills passed just before the […] Read more
Cyber-Savvy Farmer
