Business Archives - Page 12 of 52 - Manitoba Co-operator

BASF says dividends, asset values under review as pandemic bites

By GFM Network News, Ludwig Burger July 29, 2020

Frankfurt | Reuters – Germany’s BASF said on Wednesday its dividend policy and the value of assets on its balance sheet might be revised given uncertainty caused by the coronavirus crisis, particularly in North America and Europe. The policy of the world’s largest chemicals and plastics maker by sales to increase dividends each year and

Markets

Bunge raises outlook as agribusiness profits beat Wall Street estimates

By GFM Network News, Karl Plume July 29, 2020

Reuters – Agricultural commodities trader Bunge Ltd on Wednesday raised its full-year outlook after its second-quarter profit handily beat Wall Street estimates, sending shares up more than 5 percent in premarket trading. Despite a worsening coronavirus pandemic that has rattled global markets, strong soy processing margins in South America, Europe and Asia and accelerated crop

Comment, Op/Ed, Other

Comment: The Empress, The Player, and the Annoyed

Grocery leaders were summoned to a parliamentary committee recently

By Sylvain Charlebois July 28, 2020

Top Canadian grocers testified before a parliamentary standing committee recently, to explain why all COVID-19 incentive programs were cancelled within hours. Most grocery store and distribution center employees were paid extra at the beginning of the pandemic, only to see wages now go back to pre-COVID levels. CEOs who testified were Loblaws’ Sarah Davis, Empire

News, Other

Culinary in the age of COVID

There’s never been anything like it when it comes to Canadian restaurants

By D.C. Fraser July 21, 2020

Closures, layoffs, worry over how to pay the bills, slow reopening with limited seating and a very wary clientele that’s slow to return. That’s just some of the ‘new normal’ for Canadian restaurateurs, according to the University of Guelph’s sixth and final webinar in a series featuring agri-food experts about food and agriculture during the

Feds proposing to expand wage subsidy program

By GFM Network News, Reuters July 18, 2020

Ottawa | Reuters — The Canadian government wants to expand an emergency wage subsidy program so that all businesses suffering losses from the COVID-19 outbreak will benefit, Finance Minister Bill Morneau said on Friday. Morneau told a news conference that Ottawa would drop an earlier requirement stipulating that businesses needed to show a 30 per

Roquette’s pea plant has promised to be a boon for the sector, but are growers ready to sign on the dotted line?

News

Farmers weighing the balance on Roquette pea contracts

The upcoming pea protein plant has gained a lot of attention, now farmers are wondering if the premium will be worth the trouble

By Alexis Stockford March 18, 2020

Farmers now see what Roquette wants in its first yellow pea contracts — and some are questioning whether there is enough bang for the buck to make the crop worthwhile. The company will be contracting yellow peas for its long-awaited plant in Portage la Prairie this year, ahead of the plant’s planned opening this fall.

Markets, News, Other

Bunge sells stake in U.S. ethanol plant

By Tom Polansek January 10, 2020

Bunge has ended its 13-year ownership interest in an Iowa ethanol plant, the company said on Jan. 2, following industry struggles with thin margins and overproduction. Southwest Iowa Renewable Energy, or SIRE, repurchased Bunge’s stake in the facility on Dec. 31, according to a statement. U.S. ethanol producers say the industry has suffered from the

Local news, News, Other

Maple Leaf workers still waiting on agreement as clock counts down

The collective agreement for workers at Maple Leaf Foods’ Brandon plant is set to expire Dec. 31

By Alexis Stockford December 19, 2019

The clock is ticking for negotiators to come up with a new collective agreement for workers at Brandon’s Maple Leaf Foods plant. The United Food and Commercial Workers Local 832 has been in negotiations with the company since June. The collective agreement between Maple Leaf Foods and the 1,900 workers represented by the union is

CP Rail says closer collaboration with shippers helps it manage the challenging winter season while moving more grain than ever before.

News

CP Rail sets back-to-back grain-shipping records

That’s good news because there’s an above-normal amount of grain to move  despite harvest delays

By Allan Dawson December 13, 2019

CP Rail moved a record amount of grain in November, beating its previous record set in October. Meanwhile, CN Rail is gearing up its grain shipping after an eight-day strike resulted in delivering just 2,015 of the 5,409 cars elevator companies ordered for week 16 (Nov. 17 to 23) of the current crop year. The

Markets, News

Australian terminal deal passes major regulatory hurdle

The deal is a precursor to a ‘demerger’ of GrainCorp’s malt division

By Shriya Ramakrishnan November 27, 2019

Reuters – Two of Australia’s largest grain handlers are one important step closer to a key asset sale. GrainCorp passed a major regulatory hurdle November 15 to sell its Australian bulk liquid terminals business to ANZ Terminals, propelling its shares around eight per cent higher. The clearance from the Australian Competition and Consumer Commission (ACCC)

Daily Network News

Canadian Cattle Association won’t back traceability changes

Farmers’ Almanac rescued from closure; fate of Canadian content unknown

Do More Ag to fund rural groups’ mental health workshops

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