(CPR.ca)

CP trims outlook on delayed Prairie harvest

Rain delays in this year’s Prairie grain harvest have bit into third-quarter revenues and earnings expectations for Canadian Pacific Railway (CP). The Calgary company on Wednesday booked overall net income of $347 million on revenues of $1.554 billion for its quarter ending Sept. 30. While net income was up seven per cent, total revenues were […] Read more

Stubble on a harvested oat field near Winnipeg. (Shannon VanRaes photo)

Carbon price worries farmers, fertilizer makers

Winnipeg/Toronto | Reuters — Canada’s plan to price carbon emissions may weaken the farm sector in one of the biggest grain-shipping countries, raising farmers’ costs and discouraging investment in fertilizer production, industry groups say. Ottawa this month promised a price on carbon emissions by 2018, and will let provinces choose a tax or cap-and-trade system. […] Read more


(Save-A-Lot.com)

Canada’s Onex to buy U.S. grocery chain Save-A-Lot

Reuters — Food retailer and wholesaler Supervalu Inc. said it will sell its Save-A-Lot business to Canadian private equity firm Onex Corp. for US$1.37 billion rather than spinning off the discount grocery chain as previously planned, the companies said on Monday. Eden Prairie, Minnesota-based Supervalu had been looking to separate the more profitable division, which […] Read more

(CPR.ca)

CP to chart weekly grain handling performance online

Canadian Pacific Railway plans to launch a new weekly “supply chain scorecard” next week, to chart its own performance handling Prairie grain. The Calgary company announced the new program Friday for an online launch Wednesday (Oct. 19), noting the scorecard “will include, when necessary, detailed information on any internal or external factors affecting grain movement” as […] Read more


Syngenta’s Interaction Centre at Stein, Switzerland. (Syngenta.com)

ChemChina, Syngenta ready to offer EU remedies over merger

Florence | Reuters — Chinese state-owned chemical company ChemChina and Swiss pesticides and seeds group Syngenta are prepared to offer concessions to EU antitrust regulators to ease concerns over their US$43 billion deal, a person familiar with the matter said Friday. The companies will meet European Commission officials on Monday in a meeting called by […] Read more



(Greg Berg photo)

Deere challenges U.S. federal block on Precision Planting bid

Reuters — Deere and Co. said its proposal to buy Precision Planting, an agricultural equipment and technology company, will increase consumer choice and directly benefit growers, in a response filed on Wednesday to the U.S. Department of Justice’s lawsuit to block the acquisition. Deere announced its planned acquisition of Precision Planting in November 2015, for […] Read more

(Dave Bedard photo)

Railways urge Ottawa to loosen grain hauling rules

Winnipeg | Reuters — Canada’s big railways are pressing Ottawa to loosen rules around hauling the country’s crops — changes they say would improve efficiency but that farmers fear would weaken their bargaining power. A February report recommended that Ottawa institutes transportation system changes, including phasing out a 16-year-old cap on revenue that Canadian National […] Read more