U.S. railway Norfolk Southern has rejected another new marriage proposal from Canadian Pacific Railway (CP), leaving the Calgary-based rail firm to “review its strategic alternatives.” Norfolk Southern said Wednesday its board of directors has “unanimously” rejected CP’s revised Dec. 16 proposal, which offered US$32.86 per share in cash, a fixed exchange ratio of 0.451 shares
CP to weigh options after another Norfolk rejection
Canada, Mexico granted COOL retaliation power
Canada and Mexico may now impose retaliatory tariffs against U.S. goods at will over Washington’s country-of-origin labelling (COOL) rules — just in time for the process of erasing those rules to begin. U.S. President Barack Obama late Friday signed the Consolidated Appropriations Act of 2016, an omnibus bill approving funding for various government agencies and
CFIA wrapping up latest BSE probe
The Alberta beef cow was born two years after the enhanced feed ban took effect
Canada’s food safety agency is still tracking down herdmates of the country’s 19th domestic case of BSE, but will otherwise assume the Alberta cow most likely caught the disease from trace proteins in its early feed. The Canadian Food Inspection Agency on Nov. 30 submitted its final report on Case 19 — a 70-month-old purebred
Man. First Nations seek to buy Churchill port, rail line
Manitoba’s northern First Nations have responded to the “for sale” notice on the port and rail line that allow Prairie farmers and handlers to ship grain exports through Hudson Bay. The Canadian arm of U.S. shortline firm OmniTrax confirmed Friday it has a letter of intent in hand from a group of First Nations in
Que. banks, funds boost stake in Agropur
Agropur is getting a second nine-figure cash injection from a group of Quebec institutional investors and banks, further backing the major Quebec dairy farmer co-operative’s expansion plans against an uncertain domestic market. The investor group, led by Caisse de depot et placement du Quebec (CDPQ), said Thursday it will put up $300 million, on top
$2.00 a day until there’s four inches of snow!
Our History: December 1974
Judging by this ad in our Dec. 12, 1974 issue, there was also a lack of snow as we approached Christmas that year. Our front-page news that week was the introduction of a bill to establish the Western Grain Stabilization Act. Farmers would contribute two per cent of their income to a maximum of $25,000
Dairy support price gets boost starting Feb. 1
Canada’s dairy farmers can expect a two per cent bump in their overall revenue from industrial milk sales starting Feb. 1 next year. Citing dairy producers’ increased costs of production, the Canadian Dairy Commission on Wednesday announced its support price of butter will increase effective Feb. 1 to $7.7815 per kilogram, from $7.4046 currently. Its
Parmalat gets GF2 funds for new Winnipeg milk plant
Dairy giant Parmalat is set to get federal and Manitoba government funding toward its planned new $50 million milk plant in Winnipeg. The two levels of government on Tuesday pledged $2.5 million toward the construction of Parmalat’s new dairy plant at an industrial park in the city’s St. Boniface area, about seven km east of
N.L. agrifoods file moves to new minister
Newfoundland and Labrador’s Forestry and Agrifoods Agency, which oversees public policy for the province’s livestock, crops and agrifood sectors, is again getting new management. Oversight for the agency, first set up in 2007 by then-natural resources minister Kathy Dunderdale, had been moved in March from the natural resources department to the fisheries and aquaculture department. However,
Quebec co-ops’ urea plant back on hold
Development of a major new nitrogen fertilizer plant in Quebec has returned to the back burner where it lived for much of the past year. The Canadian arm of the Indian Farmers Fertilizer Co-operative (IFFCO) and Quebec agrifood co-operative giant La Coop federee announced Monday they will again halt development work on their planned plant
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