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Baltic Dry Index hits two-year highs

CNS Canada — Ocean freight rates are trending higher, with the Baltic Dry Index (BDI) hitting its highest level of the past two years on Tuesday. The BDI, compiled daily by the London-based Baltic Exchange, provides an assessment of the price of moving major raw materials by sea, including grain. It was quoted Tuesday at […] Read more

Ontario greenhouse growers get competitiveness fund

The Ontario government is putting $19 million into a new initiative to support the competitiveness of the greenhouse sector in the province. Provincial Agriculture Minister Jeff Leal announced the funding on Thursday at Link Greenhouse near Bowmanville, just east of Oshawa. The Greenhouse Competitiveness and Innovation Initiative aims to provide funding for the creation of […] Read more


Saskatchewan cuts farm fuel tax exemptions in budget

“Purple gas” is about to become a quaint old figure of speech for Saskatchewan farmers as the provincial tax exemption for bulk gasoline for farm use ends April 1. The provincial government on Wednesday rolled out a budget designed to dial back the province’s reliance on resource revenue in the face of slumping markets for […] Read more




Prince Rupert expansion to handle crop containers

A Montreal logistics firm specializing in loading pulses and grains into containers for export out of Vancouver and Montreal plans to set up shop at Prince Rupert. The Prince Rupert Port Authority on Monday announced Ray-Mont Logistics is developing a logistics and container loading facility at the south end of the West Coast port’s Ridley […] Read more


Federal rules tightened for recreational drone use

Citing recent “reckless use of drones that is putting the safety of Canadians at risk,” the federal government has set up new temporary rules limiting where and when drones can be flown for the heck of it. Transport Minister Marc Garneau on Thursday announced an interim order with new rules for the recreational operation of […] Read more




U.S. authorities raid Caterpillar’s Illinois facilities

Chicago | Reuters –– U.S. federal law enforcement officials searched three facilities of heavy machinery manufacturer Caterpillar on Thursday, prompting a sharp sell-off in the company’s stock. A spokeswoman for the U.S. Attorney Office for the Central District of Illinois, Sharon Paul, confirmed that federal law enforcement officials conducted searches at locations in Peoria, East […] Read more