GFM Network News

U.S. activist investor Ackman leaves CP board

Bill Ackman, the U.S. activist investor who usurped the leadership of Canadian Pacific Railway in 2012, is leaving the Calgary company’s board after his hedge fund sold off its remaining stake last month. Ackman, who heads New York-based Pershing Square Capital Management, joined CP’s board in 2012 and served on its finance and corporate governance […] Read more

Canada not yet pulling trade trigger on COOL

Canada remains “cautiously optimistic” that the U.S. government will repeal its country-of-origin labelling (COOL) law before the Canadian and Mexican governments impose retaliatory tariffs. Federal Trade Minister Chrystia Freeland, speaking Wednesday from Nairobi on a conference call with reporters, said she was “not going to go into hypotheticals” about Canada’s next move if an omnibus […] Read more

Protein premiums disappear for U.S.spring wheat crop

Reuters reports that a combination of well-fertilized fields and hot, dry weather is leading to the highest-protein U.S. spring wheat crop in five years, and former high premiums for protein are evaporating. MGEX spring wheat futures are trading near a three-month high due to the small crop, closing at $9.50 per bushel on Thursday, and […] Read more