Business/Finance Archives - Page 4 of 63

Concerns about supply chain issues and a slowdown in consumer spending due to coronavirus fears are weighing heavily on the cannabis sector.

Cannabis funds inch higher after touching all-time lows

The legal weed sector faces declining market fundamentals

By David Randall March 20, 2020

Reuters – Exchange-traded funds that invest in cannabis stocks rebounded March 10, one day after a global equity rout dropped them to all-time lows. The $509-million ETFMG Alternative Harvest ETF gained 2.2 per cent in afternoon trade, while the $318-million Horizon Marijuana Life Sciences ETF rose 1.8 per cent during a market rally that pushed

Concerned residents lined the walls and into the hallway as representatives from the now closed Morris Sales and Service stood up to address questions on the future of the dealership March 11 in Virden.

Equipment, News, Other

Morris Sales and Service shuttered in Virden

The staff at the now defunct Morris Sales and Service in Virden are still hoping that interest from some other company might revive their business

By Alexis Stockford March 20, 2020

Employees of Morris Sales and Service in Virden are looking for work after the dealership officially closed its doors March 12, part of restructuring efforts after Morris Group, including Morris Industries, came under creditor protection earlier this year. The company was approved for creditor protection Jan. 8, 2020 by a Saskatchewan court. The company has

News, Other

Elevators implement COVID-19 protocols to keep grain moving

By Allan Dawson March 20, 2020

Canada’s grain companies are still moving grain to market, but have implemented measures to protect staff and customers from COVID-19. Richardson-Pioneer, Viterra, G3, Cargill and Parrish and Heimbecker are all taking farmers’ grain but are restricting contact between staff and farmers and moving it to market, while using social distancing. “We remain open for business,

A trader works on the floor of the New York Stock Exchange (NYSE) shortly after the opening of trading in New York on March 13.

Grain Markets, Markets, Other

Crude oil war, COVID-19 fears drag commodity markets lower

Uncertainty has sidelined many participants in the canola market

By Marlo Glass March 19, 2020

Canada’s grain markets haven’t been immune to the growing panic surrounding the COVID-19 coronavirus and its impact on global economies. At the start of Monday’s trade, crude oil futures plummeted by over 30 per cent following a dissolved agreement between Russia and Saudi Arabia, the de facto leader of the Organization of Petroleum Exporting Countries

Is the program too complex and ‘unbankable’ to be reformed?

News, Other

Is it time to break through the maze of AgriStability?

Some farmers have long thought so and now the provincial ag minister is also wondering

By Allan Dawson March 19, 2020

Manitoba Agriculture Minister Blaine Pedersen has asked his department for ideas on how to replace AgriStability with an enhanced AgriInvest program. Some frustrated farmers say it might be better to scrap AgriStability in favour of something else. Pedersen, who has called AgriStability “a broken wheel,” doesn’t disagree. “There’s lots of challenges with AgriStability so let’s

From oil price wars to the COVID-19 pandemic, the global economy is being hammered.

Comment, Other

Comment: Pandemic + oil price war = uncertainty

So far agriculture commodity markets have avoided the worst of the sell-off

By Sylvain Charlebois March 19, 2020

Most analysts agree that the oil price war is only beginning. With cheap oil abound, this will impact the entire agri-food market, from farm gate to plate. The novel coronavirus pandemic is also compounding what is already a fragile global economy. The current novel coronavirus pandemic and the oil price war is causing a massive

Comment, Op/Ed, Other

Comment: Farmers, public deserve clarity on future of Farm Credit Canada

Just what did the Liberal campaign promise to alter FCC really mean?

By D.C. Fraser March 18, 2020

Glacier FarmMedia – The Liberals’ vague promise to expand and enhance Farm Credit Canada (FCC) remains as unclear now as it was when it was proposed ahead of the last federal election. There is still no clear indication as to how Ottawa will rename FCC to “Farm and Food Development Canada,” let alone what that

Protests which began in February and stretched into March caused rail shipping disruption threatening critical shortages for a variety of goods.

News

CN executive thanks customers for patience, warns protesters

By Allan Dawson March 16, 2020

Sean Finn, CN rail’s executive vice-president of corporate services and chief legal officer, is thanking customers, including farmers, for their patience in the wake of a rail shipping backlog. His message to the protesters, whose blockades added to the backlog, is their actions put themselves and CN staff in danger. Several times CN trains came

Empty shelves out of stock of pasta are pictured in a supermarket in London, England, March 6, 2020.

Markets, News

Fear is the price killer in commodity markets

COVID-19 | Cuts in key interest rates helped slow the declines in futures

By Glen Hallick - MarketsFarm March 12, 2020

There’s no doubt that the COVID-19 coronavirus is having a tremendous effect on commodity markets. Although Canada and the United States have a mere fraction of the reported cases and deaths, fears toward COVID-19 have generated sharp losses in North American markets. There was something of a reprieve this week as the U.S. Federal Reserve

An image created by Nexu Science Communication, together with Trinity College in Dublin, shows a model structurally representative of a betacoronavirus, the type of virus linked to COVID-19.

Comment, Other

Comment: The end of coronavirus is nowhere in sight

COVID-19's economic impact is hitting hard

By Alan Guebert March 12, 2020

In just one, unwelcome week, the coronavirus drained US$3.6 trillion from the U.S. stock market, clipped Apple shareholders for US$220 billion, and sent millions of Americans to stores to buy every face mask, surgical glove, and gallon of bleach they could get their now-sanitized hands on. It’s what we do; we panic first and ask

Daily Network News

U.S. grains: Soybean prices rise as China-U.S. truce assessed

U.S. livestock: Cattle futures post limit-down losses

ICE canola weekly outlook: Market rangebound

Tag Archives Business/Finance