Insights and Stories on News

Jul. 24, 2024 at 1:27 pm CDT

The Bank of Canada on Wednesday trimmed its key interest rate by 25 basis points for the second month in a row, bringing it to 4.5 per cent, and said more reductions in borrowing costs were likely if inflation continued to cool in line with forecasts.

By David Ljunggren, Promit Mukherjee, Reuters

Jul. 24, 2024 at 11:33 am CDT

Dairy Farmers of Canada (DFC) will receive up to $5 million over five years to “advance sustainability and public trust, leveraging the proAction quality assurance program,” a federal news release said, and up to $3.57 million over five years to strengthen its DairyTrace cattle traceability system.

By Geralyn Wichers

Jul. 24, 2024 at 9:49 am CDT

U.S. grains merchant Bunge and Glencore-backed Viterra's $34 billion merger deal is heading towards conditional EU antitrust approval, a person with direct knowledge of the matter said on Wednesday.

By Foo Yun Chee, Reuters

Jul. 23, 2024 at 1:03 pm CDT

The Canadian Grain Commission has revoked the licence of LSM Commodities. In a phone message to the Western Producer, a commission spokesperson said the licence was revoked as of 12:01 a.m. July 23.

By Robert Arnason

Jul. 23, 2024 at 10:18 am CDT

The Biden administration on Tuesday announced it would seek to curb U.S. emissions of powerful industrial greenhouse gases such as nitrous oxide as it enters a new phase in the national strategy to fight climate change under the Paris agreement.

By Reuters, Valerie Volcovici