GFM Network News


Farm equity growth slows in 2018

MarketsFarm — Equity in Canada’s farm sector increased by 3.6 per cent in 2018, hitting $522.2 billion, according to a report Thursday from Statistics Canada. The growth was well below the 6.4 per cent increase reported the previous year, and continued a trend of slower growth since 2013. Realized net farm income was down by […] Read more

Railways book higher grain freight revenue for Q1

Canada’s big two railways reported somewhat higher revenue from handling grain during their fiscal quarter ending March 31, despite both companies reporting winter weather woes. Canadian Pacific Railway (CP) on April 23 reported grain segment revenue of $380 million for the quarter, up six per cent from the year-earlier period, on about 92,800 grain carloads, […] Read more


CP books higher Q4 grain revenue on reduced handle

Increased revenue from grain handling — albeit on a slightly lower overall grain handle — helped Canadian Pacific Railway improve its fourth-quarter and year-end gross for 2018. Calgary-based CP on Jan. 23 reported overall net income of $545 million on $2.006 billion in revenues for its fourth quarter ending Dec. 31, down from $984 million […] Read more

CN’s grain handle up in record quarter

Traffic in Canadian National Railway’s grain and fertilizers segment rose eight per cent in its latest quarter, helping the company to record quarterly revenue. Montreal-based CN on Oct. 23 reported net income of $1.134 billion on $3.688 billion in revenues for its quarter ending Sept. 30, up from $958 million on $3.221 billion in its […] Read more



Dreyfus posts profit rise in challenging market

Paris | Reuters — French commodities trader Louis Dreyfus reported a rise of almost four per cent in annual net profit on Wednesday buoyed by higher volumes but cautioned that industry challenges persist. Like its rivals, Dreyfus has faced lower margins linked to large inventories, low prices and reduced price volatility, prompting it to spin […] Read more


CN’s Q4 grain handle down in ‘challenging conditions’

U.S. income tax reform more than offset “challenging” conditions, including reduced grain handle, in Canadian National Railway’s fourth fiscal quarter. Montreal-based CN on Tuesday reported net income of $2.611 billion on total revenues of $3.285 billion for its fourth quarter ending Dec. 31, up from $1.018 billion on $3.217 billion in the year-earlier Q4. The […] Read more

Grain handle down in CP’s ‘best-ever’ fourth quarter

U.S. income tax reform and significant increases in non-grain traffic more than offset a dip in Canadian Pacific Railway’s grain handle in its fourth quarter of 2017. Calgary-based CP on Thursday reported net income of $984 million on $1.713 billion in gross revenues in what it described as its “best-ever” fourth quarter, up from $384 […] Read more


CP’s third-quarter grain handle down

“Volume momentum” in its third quarter has Canadian Pacific Railway looking forward to a rosier year-end ledger, though its grain traffic for the quarter dragged on that momentum. Calgary-based CP on Tuesday reported net income of $510 million on $1.595 billion in revenues for the third quarter ending Sept. 30, up from $347 million on […] Read more