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StatsCan to add marijuana economic impact to GDP data

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tagged cannabis economic growth economic impact GDP marijuana statistics canada
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 both before and after it is legalized in July 2018 to get a clear picture of its impact on the economy. The domestic cannabis black market is estimated to…
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U.S. grains: Wheat up as crop ratings, Russia news spur short-covering

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tagged cbot Chicago closing markets contamination corn futures Russia soybean futures Ural mountains USDA wheat futures
Chicago | Reuters -- Chicago wheat futures rose on Tuesday as a decline in U.S. crop ratings and news of radioactive pollution in the Ural mountains triggered a round of short-covering and concern about wheat exports from Russia, the world's top supplier. Corn and soybean futures closed little changed after a choppy session. Chicago Board of Trade December wheat settled up 2-3/4 cents at $4.24-3/4 per bushel after reaching $4.28-3/4, its highest in a week (all figures…
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U.S. livestock: CME live cattle rebound on cash, beef prices

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tagged cattle futures closing markets CME cold storage feeder cattle hog futures lean hogs live cattle Thanksgiving USDA
Chicago | Reuters -- Chicago Mercantile Exchange live cattle futures on Tuesday rallied from Monday's losses, ignited by short-covering as investors digested initial cash prices and firmer wholesale beef values, said traders. Technical buying contributed to market advances along with unwinding of Monday's short live cattle futures long hog spreads, they said. December live cattle finished up 0.875 cent/lb. at 117.975 cents (all figures US$). February ended 1.025 cents higher at…
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P+H plans new east-central Alberta elevator

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tagged alberta Andrukow chemical storage cn CPS fertilizer grain elevator Heimbecker Parrish Viking
Winnipeg grain and agrifood firm Parrish and Heimbecker is set to reinforce its recent arrival in the east-central Alberta retail market with a new grain elevator. Privately-held P+H announced Tuesday it will build a new 46,000-tonne capacity grain elevator and crop input centre at Viking, about 120 km southeast of Edmonton. The Viking site will tie into Canadian National Railway (CN) track with a 150-car loop track, and will also include a 25,000-tonne dry bulk fertilizer shed and…
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OFA pre-election policy targets broader economic development

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tagged David Freshwater economic development infrastructure Keith Currie OFA Ontario election Ontario Federation of Agriculture provincial election rural development rural issues
Stable rural areas and thriving farms can help urbanites with some of their biggest challenges. That's the message from the Ontario Federation of Agriculture going into next year's provincial election. The OFA talked about how it is framing its election strategy at its annual meeting, which ran Monday and Tuesday in Toronto. "With the election coming up, we need to talk about the benefits we have to offer all Ontarians beyond the food on their tables," OFA president Keith Currie…
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Quebec veal processors merging

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tagged creditor protection Delimax Ecolait Fontaine Montpak quebec veal
The bulk of Quebec's veal processing capacity is forming up under one banner as Delimax-Montpak gets set to buy its rival Ecolait out of creditor protection. Delimax-Montpak Group announced Friday it has an agreement in principle to buy St-Hyacinthe-based Ecolait for total consideration of $50 million. Delimax-Montpak said Friday the deal "will allow the veal sector in the province, and in the rest of Canada, to remain competitive internationally." The deal is expected to keep…
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Northwest’s colder snap continues

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tagged Canada CoCoRaHS prairies temperature weather WeatherFarm
Temperature ranges on the northwestern Prairies remained in a relative deep freeze Monday as highs touched -20 C around Fort St. John and Peace River, -9 C around Melfort and Meadow Lake, -5 C around Edmonton, Saskatoon and Dauphin, 3 C around Winnipeg and Regina, 4 C around Lethbridge and Medicine Hat, 5 C around Brandon, Moose Jaw and Swift Current and 7 C around Estevan and Shaunavon. Lows at WeatherFarm stations on Monday dropped to -27 C around Grande Prairie and Dawson Creek, -21 C…
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Canada, Mexico to rebuff U.S. over NAFTA goals

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tagged autos content Canada Leal Mexico NAFTA Trump
Mexico City | Reuters -- Canada and Mexico will rebuff the United States over its demand for tougher NAFTA automotive content rules, top officials said on Monday as negotiations to renew the treaty bogged down with only a few months to go. U.S. President Donald Trump is threatening to quit NAFTA, which has reshaped the continent's auto sector over the past 23 years, unless major changes can be made to return manufacturing jobs to the United States. Canadian and Mexican…
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Klassen: Feeder market rally stalls

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tagged calves cattle futures cattle markets cattle prices fed cattle feeder cattle feedlots Jerry Klassen steers
Western Canadian feeder cattle prices were relatively unchanged from week-ago levels. Eastern Prairie markets were softer but continue to maintain a $5 to as much as $8 premium over major feeding regions of Alberta. We've seen a sharp year-over-year increase in imports from the U.S., which is causing a variable price structure to develop across the Prairies. Buyers were more discerning this week on quality features. Larger discounts were noted on unweaned or semi-weaned calves. Concessions…
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Russia to restrict Brazilian pork, beef imports from Dec. 1

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tagged beef Brazil meat imports pork ractopamine Russia
Moscow/Brasilia | Reuters – Russia will place temporary restrictions on imports of pork and beef products from Brazil from Dec. 1, the country's agricultural safety watchdog Rosselkhoznadzor said on Monday. Russia said last week it was considering a ban on all pork and beef imports from Brazil after finding the feed additive ractopamine in some shipments, an allegation Brazilian meat industry groups denied. "Given the seriousness of the situation, Rosselkhoznadzor is forced to…
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