Insights and Stories of Rod Nickel

Nov. 6, 2014 at 4:02 pm CST

Reuters – Canada’s largest dairy producer Saputo Inc reported a 17 per cent jump in quarterly earnings on Thursday, boosted by higher U.S. cheese and butter prices and recent acquisitions. The Montreal-based company, whose brands include Dairyland and 1/2 Moon cakes, said it intends to buy back 5 per cent […]

By Rod Nickel

Nov. 5, 2014 at 11:03 am CST

Reuters — Canadian fertilizer producer Agrium Inc will cut 500 jobs and look to sell several non-core businesses as it aims to find $475 million in savings by 2017, chief executive Chuck Magro said on Wednesday. Agrium will also target savings from reducing working capital at its farm retail business […]

By Rod Nickel

Oct. 31, 2014 at 11:27 am CDT

Winnipeg / Reuters – Louis Dreyfus Corp’s Canadian canola plant may resume receiving and crushing the oilseed in three to seven weeks, following last week’s explosion and fire, the president of the company’s Canadian unit said on Friday. Brant Randles, president of Louis Dreyfus Commodities Canada Ltd, said the company is working with […]

By Rod Nickel

Oct. 30, 2014 at 4:13 pm CDT

Reuters – Cargill Ltd. said on Thursday that it will close its Swan River, Manitoba grain facility, which includes two elevators, as of May 31, 2015. The facility would require costly upgrades if it remained open, Jeff Wildeman, regional manager of Cargill AgHorizons said in a statement. Cargill’s crop inputs facility in Swan River will remain open. […]

By Rod Nickel

Oct. 28, 2014 at 4:10 pm CDT

Winnipeg | Reuters — Barring a sudden pile-up of grain across Western Canada in the next five weeks, Ottawa will lift requirements that railways move minimum volumes of crops, Agriculture Minister Gerry Ritz said in an interview. While Ritz says he is not ruling out any options before the rules […]

By Rod Nickel