Canada's retail sales shrank by 1.1 per cent in May as consumers curtailed car purchases and spent less at supermarkets, convenience stores and on alcohol, data showed on Thursday.
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Canada’s retail sales shrink as tariffs bite, June expected to improve
Food and beverage saw declines, led declines in beer, wine and liquor sales and declining convenience store transations
Alberta potatoes chip in $2.9 billion for Canadian economy
New report verifies what many in industry suspected
Alberta’s potato industry is making a big impact — not just on that province but the entire country. A new report — dubbed a “landmark study” by the Potato Growers of Alberta — revealed the sector drove a total contribution of $2.87 billion to Canada’s economy in 2022. It also notes the nationwide creation of
Federal carbon tax rises despite opposition, pandemic
Ottawa not backing away from scheduled increases
Ottawa — The federal government has pushed ahead with an increase to the carbon tax despite continued calls from the agriculture sector for reprieve from the program. The price on carbon rose from $20 per tonne to $30 per tonne effective April 1. The federal Liberal government is standing firm on its commitment to increase
Ukrainian lawmakers vote to lift ban on sale of farmland by 2020
Kiev | Reuters — Ukrainian lawmakers voted Wednesday to remove a ban on the sale of farmland for the first time in nearly two decades, a move supported by the country’s foreign backers that risks a political backlash. The proposal must be voted on a second time to come into force. The ban would be
Election 2019: Ag groups want the parties to pay attention
MarketsFarm — Two major national farm organizations want the political parties to pay more attention to agriculture as the federal election continues. However, the Canadian Federation of Agriculture (CFA) and the National Farmers Union (NFU) have somewhat different takes as to what they see as paramount. “It’s really important that we uphold the quality of
Editor’s Take: Productivity potential
A recent agriculture report from the Royal Bank of Canada paints a picture of a sector with big opportunities and big challenges. Farmer 4.0: How the coming skills revolution can transform agriculture is all-in on the concept of farms thriving in the digital age. It paints a picture of autonomous equipment, sensor-driven agronomy and other
StatsCan to add marijuana economic impact to GDP data
Ottawa | Reuters — As Canada gears up to legalize recreational marijuana, the country’s statistics agency said on Tuesday it will begin measuring the economic impact of the current illegal use and production of the drug and add it to growth data. Statistics Canada said it will begin tallying the production and sale of cannabis
Agriculture contributed C$111.9 billion to Canada’s GDP in 2016
Winnipeg | CNS – A new report from Agriculture and Agri-Food Canada released Friday has pegged agriculture as contributing C$111.9 billion to Canada’s GDP in 2016, which accounted 6.7 per cent of the country’s total GDP. The annual report entitled An Overview of the Canadian Agriculture and AgriFood System, provides a summary of the economic
Chinese slowdown could affect grain demand
After several years of stratospheric growth, China's economy has hit a rough patch
It’s an issue observers have talked about for years. But in recent weeks it seems to have reached a tipping point — at least according to general consensus from a cacophony of commentators. China is slowing down. Its stock market has fallen sharply since mid-June and the government is panicking, leaping into action with a
Brace for more commodity volatility due to China
China’s real estate bubble is deflating as the economy slows
When someone asks where commodity prices are headed, they’re really asking: what’s the outlook for China? Last year, China consumed more coal than the rest of the world combined and imported 70 per cent of the world’s seaborne iron ore. In 2012, China accounted for half of the global growth in oil demand. It’s a
Cyber-Savvy Farmer
