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Cision Canada
an hour ago
- Cision Canada
Statement by Minister MacDonald following meeting with representatives from the Government of Saskatchewan and canola industry leaders
OTTAWA, ON, /CNW/ - The Honourable Heath MacDonald, Minister of Agriculture and Agri-Food issued the following statement after meeting with representatives from the Government of Saskatchewan and leaders from the Canadian canola sector: "Today, along with my colleagues the Honourable Buckley Belanger, Secretary of State (Rural Development), and the Honourable Kody Blois, Parliamentary Secretary to the Prime Minister, I had the opportunity to meet with Premier Scott Moe, Agriculture Minister Daryl Harrison, Trade and Export Development Minister Warren Kaeding and key canola industry stakeholders and exporters to discuss the challenges faced by the canola sector, including the recent preliminary anti-dumping duty imposed by China on imports of canola seed from Canada. "Earlier this month, China announced a preliminary anti-dumping duty on imports of canola seed from Canada of 75.8%, which entered into force on August 14, 2025. This was in addition to existing trade measures resulting from China's anti-discrimination investigation, including the 100% tariffs on Canadian canola oil and meal. Our hard-working producers provide world-class canola products to Canadians and international trading partners and the Government of Canada is profoundly disappointed with China's announcement. "At today's meeting, we agreed on the importance of working together to ensure fair market access for the canola industry and engaging in constructive dialogue with Chinese officials to address each other's respective trade concerns. Our discussion also touched on support options for producers, including the government's suite of business risk management (BRM) programs and how Canada is developing a comprehensive industrial strategy to help businesses develop new export opportunities in international markets. "Canola is one of our most valuable agricultural exports and an important driver of the Canadian economy. We are steadfast in our commitment to defend and diversify Canadian trade and we will stand shoulder to shoulder in our support for Canada's hard-working canola producers, workers and exporters." Quick facts Canola is Canada's second-largest acreage crop, with over 21 million acres produced annually. Canola seed production in Canada generated $12.9 billion in farm cash receipts in 2024, making it the most valuable principal field crop. China is the largest export market for Canadian canola seed, representing 67% of total canola seed exports and totaling 5.9 million tonnes in 2024, worth approximately $4 billion. Follow us on X, Facebook, Instagram, and LinkedIn Web: Agriculture and Agri-Food Canada SOURCE Agriculture and Agri-Food Canada
Vancouver Sun
an hour ago
- Vancouver Sun
The Body Shop Canada announces new flagship coming to Vancouver
Reviews and recommendations are unbiased and products are independently selected. Postmedia may earn an affiliate commission from purchases made through links on this page. Vancouver's Pacific Centre will soon be home to a new flagship store for The Body Shop Canada . Set to open in November, the retail space replaces the cosmetics and skin care company's previous location that shuttered in the shopping mall in March. It marks the third The Body Shop Canada location to open this year. 'This is just the beginning of an exciting new chapter,' said Michael Roden, president of The Body Shop Canada. 'We're proud to continue bringing The Body Shop's globally developed products to Canadians in a way that feels purposeful, personal, and locally relevant.' Discover the best of B.C.'s recipes, restaurants and wine. By signing up you consent to receive the above newsletter from Postmedia Network Inc. A welcome email is on its way. If you don't see it, please check your junk folder. The next issue of West Coast Table will soon be in your inbox. Please try again Interested in more newsletters? Browse here. The planned reopening in Vancouver was made public in a press release sharing the new direction charted by the company's Canadian ownership, Serruya Private Equity. Founded in 1976 by Dame Anita Roddick, The Body Shop is headquartered in London, U.K. Amid financial struggles in 2024, the company shuttered close to half of its stores in that country and closed all of its outposts in the U.S. The Canadian operations were sold to the Markham, Ont. based private equity firm last December. Following the takeover, its Canadian operations underwent an aggressive restructuring that saw the closure of more than 30 stores across Canada. The Body Shop Canada currently operates 64 stores nationwide. The downtown Vancouver location is one of several store openings planned for the company as part of a 'focused strategy' to expand its Canadian retail footprint. Roden, who previously held the position of CEO of Thrifty's Inc. and joined The Body Shop in June, said it's a 'new era' for the business. 'Our focus is on creating immersive experiences, both in-store and online, that reignite passion for the brand and welcome the next generation of customers,' he said in the release. The ownership will also look to introduce new product collections into the Canadian market, no say products will continue to be manufactured and developed in Europe. 'Being Canadian-owned allows The Body Shop Canada to move with greater agility, tailoring our approach to meet the values and expectations of Canadian consumers,' said Roden. The website for Serruya Private Equity lists car dealerships, restaurants and hotels among its other business investments.
Cision Canada
3 hours ago
- Cision Canada
Éric Provost to speak at the Scotiabank Financials Summit
MONTRÉAL, Aug. 21, 2025 /CNW/ - Éric Provost, President and Chief Executive Officer of Laurentian Bank (TSX: LB), will speak at the Scotiabank Financials Summit. Important information: Date: September 3, 2025 Time: 2:00 p.m. (EDT) The webcast of the event will be available at: About Laurentian Bank Founded in Montréal in 1846, Laurentian Bank wants to foster prosperity for all customers through specialized commercial banking and low-cost banking services to grow savings for middle-class Canadians. With a workforce of approximately 2,800 employees, the Bank offers a wide range of financial services and advice-based solutions to customers across Canada and the United States. Laurentian Bank manages $49.5 billion in balance sheet assets and $24.2 billion in assets under administration. SOURCE Laurentian Bank of Canada
