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Food

Close-up of a McDonald’s double Quarter Pounder with bacon. (Corporate.mcdonalds.com)
Livestock, Markets, Reuters

McDonald’s reported laying off hundreds of corporate employees

Layoffs don't include restaurant-level workers

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New York | Reuters — The number of corporate employees McDonald’s Corp. plans to lay off this week will tally in the “hundreds,” a source familiar with the burger chain’s thinking said on Monday, as the company moves forward with a previously announced restructuring. The fast-food company is closing its offices “out of respect,” and […] Read more
Prime Minister Justin Trudeau and Finance Minister Chrystia Freeland walk with copies of the 2023-24 budget on Parliament Hill in Ottawa on March 28, 2023. (Photo: Reuters/Patrick Doyle)
General

Interest-free cash advances get extra lift in federal budget

Fertilizer diversification, solids non-fat processing also up for funding

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Federal Finance Minister Chrystia Freeland’s latest budget envelope for Canadian farmers up against rising costs of production includes a temporary boost to the interest-free portion of cash advances. Freeland’s 2023 federal budget, released Tuesday, includes $13 million in 2023-24 for Agriculture and Agri-Food Canada to temporarily increase the interest-free limit for loans under its Advance […] Read more
(Dave Bedard photo)
General, Markets

Food sales grew but margins tightened in 2022, FCC says

Modest further growth expected this year

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Food and beverages sales increased in Canada last year, even as margins hit an historic low and consumers chose Canadian less. According to the latest FCC Food and Beverage Report, released Tuesday, sales increased 11 per cent to $156 billion in 2022. These gains came largely from higher export values and strength in the grain […] Read more
(Photo courtesy Canada Beef Inc.)
Beef Cattle, Livestock, Markets

Japan lifts last of BSE-era restrictions off Canadian beef

Canadian processed beef regains access to Japan

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The last of Japan’s import restrictions on Canadian beef and beef products stemming from the BSE crisis has been lifted, allowing access for Canadian further-processed beef. Canada’s federal agriculture department announced Monday that Japan has reopened to imports of “processed” Canadian beef — just days ahead of a significant reduction in Japan’s tariffs on imports […] Read more
File photo of signage outside Maple Leaf Foods’ Lagimodiere Boulevard plant in Winnipeg. (Dave Bedard photo)
Livestock, Markets

Maple Leaf sees ‘inflection point’ beyond red ink of 2022

Packer books net losses in Q4, full-year

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Another of Canada’s major pork and poultry packers has reported significant net losses in its 2022 ledger, but sees “green shoots” suggesting a return to normal pork markets and stable supply chains this year. Maple Leaf Foods on Thursday reported a net loss of $311.89 million on $4.739 billion in gross sales for its fiscal […] Read more
McCain Foods’ french fry processing plant near Coaldale, Alta. (University of Lethbridge video screengrab via YouTube)
Crops, Potatoes

McCain to double Alberta french fry plant capacity

Lethbridge-area plant to more than double staff count

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Alberta’s plans to boost its irrigated acres are being met near the starting line with a major french fry producer’s plans to double the capacity of its plant there. McCain Foods announced Monday it will put up $600 million to build two new production lines for frozen french fries and potato specialty goods at its […] Read more
(RyanJLane/E+/Getty Images)
Livestock

Meat lobby says U.S. voluntary label rule could spur trade action

Ottawa to review Washington's proposed 'Product of USA' rule

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U.S. meat industry lobbyists say Washington’s proposed new rules governing voluntary ‘Product of USA’ or ‘Made in the USA’ labels would “impose the same standard” as that country’s now-defunct mandatory country-of-origin labelling (COOL) law — and frustrate U.S. packers who import Canadian meat or livestock. The U.S. Department of Agriculture and its Food Safety and […] Read more
Around 20 per cent of Mexico’s corn imports from the U.S. are white corn, used to make food products such as tortillas. (Bhofack2/iStock/Getty Images)
Corn, Crops, Reuters

U.S. demands formal trade talks with Mexico over GMO corn dispute

U.S. says new rules a breach of CUSMA

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Chicago/Washington | Reuters — The United States requested formal trade consultations with Mexico on Monday over U.S. objections to its southern neighbour’s plans to limit imports of genetically modified corn and other agricultural biotechnology products. The U.S. Trade Representative’s office announced the request for technical talks after months of informal discussions with Mexican officials over […] Read more
(Screengrab from Merit Functional Foods video via YouTube)
Canola, Crops, Peas

Merit Foods stakeholder looking to buy company

Burcon 'actively engaged' with company's receiver

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One of the joint-venture owners of Winnipeg pea and canola protein processor Merit Functional Foods says it’s in talks to buy full control of the cash-strapped company. Two days after Merit entered a court-ordered receivership, Vancouver-based Burcon NutraScience announced Friday it “intends to submit a formal proposal to acquire the business.” Burcon said Merit’s receivership […] Read more

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