Economic history of Canada Archives - Page 3 of 7

New ICE wheat contract will struggle

By Allan Dawson March 23, 2012

The outlook for the new ICE Future Canada’s wheat futures market isn’t great, according to Neil Townsend, the Canadian Wheat Board’s North American market analyst. The long-running spring wheat futures market in Minneapolis didn’t get enough business before the Winnipeg market launched in January, he said. As a result, Minneapolis wasn’t “liquid” enough — a

Cereals, Crops, News

Class action against railways considered

By Manitoba Co-operator Staff February 15, 2012

Aproposed class-action suit against Canada’s two major railways over grain freight rates was due Feb. 1 in a Calgary courtroom, where it will be decided whether the suit can proceed on all Prairie farmers’ behalf. In a letter to potential “class” members, Regina lawyer Tony Merchant said the certification hearing in Alberta Court of Queen’s

Crops, News

Grain revenue jumps for CP Rail’s Q4

By Manitoba Co-operator Staff February 15, 2012

A jump in revenue from slightly higher grain traffic in the last three months of 2011 helped bolster a beleaguered Canadian Pacific Railway in its fourth fiscal quarter (Q4). CP on Jan. 26 booked net income of $221 million on total revenues of $1.408 billion for its quarter ending Dec. 31, up from $186 million

Cereals, News, Opinion

Letters — for Jan. 26, 2012

January 27, 2012

Conservative government needs a history lesson It is a shame that our elected members of government do not research information before they print false statements. In Merv Tweed’s last parliamentary report, two statements must be corrected. The first false statement was that the Canadian Wheat Board was “imposed” on western farmers. After many years of

News

Steady-as-she-goes forecast for loonie

By Adam Johnston January 27, 2012

Don’t expect big changes in the value of the Canadian dollar over the next month, says Shaun Osborne, a currency expert with TD Securities in Toronto. The loonie should stick in the 96- to 99-cent range (US) over the next two to four weeks, said Osborne. Europe and its ongoing debt concerns will continue to

Cereals, News

Monitor open market, Goodale says

By Allan Dawson January 24, 2012

The new open wheat and barley market promised for western Canadian farmers starting Aug. 1 should be monitored by an independent institution so the findings can help guide future policies, says Saskatchewan Liberal MP Ralph Goodale. “Unless you start working on this right now from the beginning and follow it through from Day 1 you

Cereals, News

CTA issues revenue cap report

By Allan Dawson January 12, 2012

Canadian Pacific Railway (CP) exceeded what it’s allowed to earn hauling western Canadian grain to port by $1.25 million last crop year (2010-11), while Canadian National (CN), was $913,447 under. The results didn’t surprise Ian McCreary, a former Canadian Wheat Board elected director and farmer at Bladworth, Sask. “Rail competition just isn’t there,” he said

Crops

Strong Canadian Dollar Here To Stay

By Phil Franz-Warkentin April 14, 2011

The fundamentals continue to support a strong Canadian dollar, according to a market analyst. “Our forecast is for the Canadian dollar to hit US$1.05 in Q2, and we’re probably getting there a little faster than anticipated,” said David Watt, senior currency strategist with RBC Capital Markets. The Canadian dollar was sitting above US$1.04 on April

Livestock

Hogs Profitable Again, But Producer Debt Still Huge

March 31, 2011

Manitoba hog producers face a long, steep road to financial recovery despite a recent return to profitable prices. A recent market rebound means producers can expect profitable margins this spring and into summer, according to h@ms Marketing Services Co-op. But producers remain saddled with crippling debt loads accumulated during three years of depressed markets that

News

Get Moving On Railway Service Review

March 10, 2011

The Grain Growers of Canada is calling on the federal government to release the final report of the Rail Freight Service Review and a plan for fixing railway delivery problems. “The immediate release of the Rail Service Review is needed as soon as possible,” GGC president Stephen Vandervalk said in a statement March 4. “The

Daily Network News

New strategies needed for Canadian agriculture to stand out in global trade

Feed Grains Weekly: Cash prices for wheat, barley largely flat

The Canadian GMO mustard wars: Dijon vs canola

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