Reuters — Top U.S. automaker General Motors said on Friday the semiconductor chip shortage that has hit production at automakers worldwide was abating, while reporting its first quarterly sales fall in a year. “As we look to the fourth quarter, a steady flow of vehicles held at plants will continue to be released to dealers,” […] Read more
Tag Archives Other — page 32
GM says chip situation improving
All of automaker's pickup truck plants operating
Changes in farm structure poses risk, requires policy
Average farm size an 'illusion.' Report shows that loss of medium-sized businesses creates a circular problem for larger farms
Large farms in Canada are growing in number at the expense of small and medium-sized farms, and at an accelerating pace, observes a new report. The issue is unlikely to be resolved by markets and competition among farmers alone and represents a new dimension for agri-food policy. So says a September 2021 policy paper published […] Read more
Innovation Guelph accelerator celebrates 10th anniversary
Agri-food businesses have benefitted from innovation support
It’s been 10 years since a regional centre with a mission to help innovative entrepreneurs opened its doors in Guelph. Innovation Guelph’s accelerator programs have supported more than 1,300 southwestern Ontario businesses in the agri-food, information and communications technology, advanced manufacturing and cleantech sectors. Why it matters: The Bloomberg Innovation Index, which annually ranks the […] Read more
Managing labour can be a harvest challenge
There are new resources for farmers seeking help
As the fall harvest season nears, farmers across Ontario are making sure equipment is ready for the fields and there are enough hands available before harvest is underway. Sourcing enough labour remains a challenge for many farmers and agribusinesses across Ontario. Why it matters: The need for more labour in agriculture is a long-term challenge […] Read more
Canada’s CPPIB to buy major U.S. port terminal operator
Canada Pension Plan's play furthers its infrastructure push
Reuters — Canada Pension Plan Investment Board (CPPIB) said on Wednesday it had agreed to buy Ports America, one of the largest marine terminal operators in the U.S., from investment firm Oaktree Capital Management. While no valuation was given in the announcement, the deal values Ports America at over US$4 billion, according to two sources […] Read more
Scotlynn SweetPac Growers and owner charged with 20 workplace violations
This is the first time charges related to a COVID-19 outbreak have been laid
Scotlynn SweetPac Growers Inc. and owner Scott Biddle face charges following Ontario’s Ministry of Labour investigation. The Ontario Ministry of Labour laid 20 charges against the company and Biddle relating to a COVID-19 outbreak in May 2020 where 199 workers tested positive for COVID-19 and Juan Lopez Chaparro, a 55-year-old father of four, died. In […] Read more
U.S. pegs farm income at eight-year high amid strong corn, soy prices
U.S. farmers’ net income is projected to jump 19.5 per cent this year to an eight-year high of $113 billion, the U.S. Department of Agriculture said on Sept. 2 in a sharp reversal from a February forecast for a decline in profits. A surge to eight-year highs in U.S. corn and soybean prices this spring has brightened […] Read more
Aurora Cannabis revenue short of expectations on lower pot demand
Reuters — Aurora Cannabis on Monday missed Wall Street expectations for fourth-quarter revenue as pandemic-related restrictions weighed down consumer demand, leading Canadian provinces to cut orders. U.S.-listed shares of the company, which also posted a bigger-than-expected quarterly loss, were down two per cent in extended trading. After more than three years into Canada’s legalization of […] Read more
‘Perfect storm’ causes fertilizer price spikes
'Most of us are in a "wait-and-see" position'
MarketsFarm — Fertilizer prices have increased over the past year, but could be headed even higher as a recent confluence of events has caused a shortage — the effects of which may affect producers past the New Year. “Particularly, in the last few weeks, there have been a number of supply events which have really […] Read more
Xi raised Huawei case in recent call with Biden, White House says
Washington | Reuters — The White House on Monday said a near-simultaneous release of a top Huawei executive and two Canadians detained shortly after her arrest was not a prisoner swap, but said the moves came up in a call between the Chinese and U.S. presidents weeks before. On Friday, Huawei chief financial officer Meng […] Read more
Cyber-Savvy Farmer
