GFM Network News



Commodities firm INTL FCStone enters Canadian market

Already handling ag commodities via partners north of the border, U.S. commodities brokerage and financial services firm INTL FCStone is bringing its own name into the Canadian market. The New York firm announced Tuesday it became a member of the Investment Industry Regulatory Organization of Canada (IIROC) effective May 17, clearing the company to offer […] Read more


CTA to bump up Prairie grain freight cost index

Fuel and infrastructure improvements are expected to push up the cost of railroading and, in turn, the index guiding how much money Canada’s big two railways get to keep from hauling Prairie grain in the next crop year. The Canadian Transportation Agency (CTA) on Wednesday announced it will set the volume-related composite price index (VRCPI) […] Read more

Extensions sought for interim grain freight measures

Not expecting federal grain transport reforms to take effect until this fall at the earliest, several Prairie grain grower groups want to see an extension of the previous government’s interim rules and penalties for railways in the meantime. A proposed “Transportation 2030” package of rail reforms, pledged last November by Transport Minister Marc Garneau, is […] Read more


Rail interswitching rule seen already paying dividends

A 2014 federal rule that expanded rail options for some Prairie grain shippers has already made for more competitive freight rates and service and should be renewed this summer, commodity groups say. Pulse Canada, Grain Growers of Canada and Alberta’s crop commissions on Tuesday called on the federal government to extend provisions from the previous […] Read more

Red pens come out for postmortem report on CWB era

A researcher working for a group calling for the return of single desk marketing misinterpreted data in former Canadian Wheat Board annual reports to conclude the board paid lower rates for shipping grain. Several sources, including a former Canadian Wheat Board director, say University of Saskatchewan Ph.D. candidate Laura Larsen used an inaccurate comparison in […] Read more


CN’s 2015 grain handle down, grain revenue up

Canadian National Railway’s (CN) fourth-quarter and full-year ledgers show lower traffic, but increased revenue, from its grain and fertilizer business in 2015, en route to record full-year earnings. Montreal-based CN on Tuesday reported overall net income of $3.538 billion on $12.611 billion in total revenues for 2015, up from $3.167 billion on $12.134 billion for […] Read more