Canada's trade deficit in May narrowed after a record-breaking deficit in April as total exports rose and imports fell even as the impact of U.S. tariffs dented shipments south of the border, data showed on Thursday.
Tag Archives international trade
Canada’s trade deficit narrows in May, US exports drop to lowest since pandemic
Exports to countries other than U.S. rise, but not enough to offset losses like canola exports to China
EU and Mexico revive stalled trade deal as Trump tariffs loom
The two parties are seeking to add farm produce, services, investment and other goods to the agreement
The European Union and Mexico revived a stalled free trade agreement on Friday, days before the return to the White House of Donald Trump, who has threatened both sides with tariffs.
ICE Weekly: Canola market suddenly in a very bad position
China caused a great deal of turmoil in the canola market on Sept. 3, leading prices to tumble on the Intercontinental Exchange. To senior market analyst Mike Jubinville of MarketsFarm, China dramatically changed canola’s outlook in fell swoop. The Chinese government announced that it was launching an investigation into alleged canola dumping by Canada. This […] Read more
China hits Canada with anti-dumping probe on canola imports in response to EV tariffs
Beijing | Reuters – China said on Tuesday it plans to start an anti-dumping investigation into canola imports from Canada, after Ottawa moved to impose tariffs on Chinese electric vehicles, lifting prices of domestic rapeseed oil futures to a one-month peak. Canada has followed the lead of the United States and European Union, and announced […] Read more
Gauging China’s market risk
What does history say about managing China’s market potential and politics?
China provides risk and reward for Canadian agriculture exporters. With rhetoric escalating around the world, the risk could become a greater challenge. With Russia’s full-scale invasion of Ukraine, the Houthis taking potshots at shipping vessels in the Red Sea, and China increasingly aggressive in the Indo-Pacific, war and near-kinetic levels of conflict have thrown several […] Read more
Beef imports from Britain jump 177 per cent
Canada exports zero beef to the U.K.
Glacier FarmMedia – Beef imports from the United Kingdom are up 177 per cent in the first four months of 2024. Canada imported $10.2 million worth of beef from Jan. 1 until the end of April, a significant increase from the same period in 2023, when beef imports from Britain were $3.7 million. Why it […] Read more
Opinion: Time to get Canada’s export markets back on pace
Canada’s out-of-date system for approving products and innovations is holding us back
One of the fastest ways to bore someone to tears is mentioning the words “regulatory competitiveness.” It is, however, a critical topic, especially when accessing world markets is being made more difficult, and when enhancing the competitiveness of Canadian farmers is crucial to the economic sustainability of agriculture that helps drive the Canadian economy. Governments […] Read more
Fight continues toward elimination of non-tariff barriers in beef processing
Industry says producers need risk insurance against disruptions
The strike at Cargill’s Dunlop processing facility might finally be over and the beef sector now wants improve access to processing and obtain risk insurance against future disruptions. There is no good time for a strike, said Jim Clark, executive director of the Ontario Cattle Feeders Association and Ontario Corn Fed Beef. However, the labour […] Read more
EU pork industry faces ‘nightmare’ if China restricts imports
Hamburg | Reuters – Europe’s pork industry faces a “nightmare scenario” of lower prices and falling profitability if China restricts imports from the region, industry executives and analysts said on Friday. Chinese firms have asked for an anti-dumping probe into pork imports from the European Union, state-backed Chinese media reported on Friday, escalating tensions after the bloc […] Read more
Opinion: Rationale behind U.S. trade policy not always easy to follow
Biden makes a surprise protectionist move regarding China
The Biden administration’s trade agenda, mostly forgotten after three years of COVID-19, inflation, war in Ukraine, brutality in the Middle East and a cantankerous Congress, recently surfaced, and wow, is it a mess. Both presumptive presidential candidates —Democrat Joe Biden and Republican Donald Trump — recently argued over how high U.S. tariffs should be on […] Read more
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