Food delivery in China.

Market Intelligence Update from Canada Beef: Foodservice and importers suffer in China and Hong Kong as Omicron wave peaks

As Omicron hits new highs in parts of China, local authorities are trying to adopt pandemic measures that won’t hammer people’s livelihoods.  However, the worst-affected cities or regions still must adopt partial or total lockdown policies. The epidemic will affect the economy in the short term, especially offline consumption in areas such as tourism and […] Read more

Canada Beef at a recent hotel promotion with Marriott Hotel Kaohsiung in Taiwan.

Market Intelligence Update from Canada Beef: Canadian beef faces tough competition in Taiwan

Shipping delays and high prices are plaguing importers of North American beef in Taiwan, slowing sales of chilled Canadian beef. Due to surging community cases, Taiwan CDC tightened all COVID restrictions, leading to many restaurant cancellations. Food take-out service remains a bright spot and business losses are bearable. Due to the Omicron wave that started […] Read more


Market Intelligence Update from Canada Beef: COVID surge hits Japan’s foodservice sector

Market Intelligence Update from Canada Beef: COVID surge hits Japan’s foodservice sector

As Japan rides another wave of COVID-19 cases, measures meant to contain infections are expected to hit the foodservice sector again. In February, Japan’s daily count of new COVID-19 cases exceeded 100,000 for the first time since the pandemic began as the highly transmissible Omicron variant spread rapidly across Japan. The Japanese government has expanded […] Read more



(Barry Wilmore photo courtesy NASA)

Global markets: U.S. jobless claims rise

CNS Canada — The following is a glance at the news moving markets globally. EGYPT EXPECTED TO IMPORT A WIDER VARIETY OF FOOD — Despite currency issues that have put a damper on imports and created difficulty for small and medium sized businesses in the country, Egypt has said it will be importing a wider […] Read more

Global Markets: Canadian economy grows for third month

By Commodity News Service Canada WINNIPEG, October 30 – The following is a glance at the news moving markets globally. CANADIAN ECONOMY GROWS FOR THIRD MONTH IN A ROW Canada’s economy grew 0.1 per cent in August, for the third consecutive month, Statistics Canada said in a report on Friday. In June the economy rose […] Read more


Global Markets: US GDP hits the brakes

WINNIPEG, October 29 – The following is a glance at the news moving markets globally. US GDP GROWTH SLOWED IN THIRD-QUARTER Economic growth in the US halted sharply in the third-quarter, according to data released by the country’s Commerce Department. Gross domestic product increased at a 1.5 per cent annual rate, compared with 3.9 per […] Read more

(Barry Wilmore photo courtesy NASA)

Global Markets: US Fed decision to be announced

By Commodity News Service Canada WINNIPEG, October 28 – The following is a glance at the news moving markets globally. ALBERTA GOVERNMENT HOPES SPENDING WILL STIMULATE ECONOMY Alberta Finance Minister Joe Ceci said Tuesday that the NDP government will be using spending stimulus to boost the economy. The province faces a record C$6.1 billion deficit. […] Read more


(Barry Wilmore photo courtesy NASA)

Global markets: U.S. Federal Reserve to meet this week

CNS Canada –– The following is a glance at the news moving markets globally. U.S. FEDERAL RESERVE TO MEET, MAKE POLICY ANNOUNCEMENT — Members of the U.S. Federal Reserve are starting their meeting on Tuesday, and are expected to conclude on Wednesday. Markets fell ahead of the meeting as investors were uncertain about the outcome […] Read more

(Barry Wilmore photo courtesy NASA)

Global markets: WHO research

CNS Canada — The following is a glance at the news moving markets globally. PROCESSED MEAT CAUSES CANCER, WHO SAYS — Eating processed meat can cause bowel cancer, the World Health Organization (WHO) said Monday. The WHO added processed meats, such as hot dogs and ham, to its group one list, which also includes items […] Read more