Canada ‘Ready to Engage' With China on Trade as Canola Feud Escalates
Trade Minister Maninder Sidhu and Agriculture Minister Heath MacDonald issued a joint statement late Tuesday responding to China's announcement of a 75.8% preliminary anti-dumping duty on canola seed from Canada. The new levy follows Beijing's imposition earlier this year of a 100% tariff on canola oil and meal from the North American nation.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
4 minutes ago
- Yahoo
In the news today: Air Canada flight cancellations, Alberta's third summer town hall
Here is a roundup of stories from The Canadian Press designed to bring you up to speed... Some Air Canada flights to be cancelled today Some Air Canada flights that were scheduled to take off today will be cancelled as the airline braces for a work stoppage this weekend. The union that represents around 10,000 Air Canada flight attendants is poised to strike just before 1 a.m. on Saturday, as the airline also plans to lock out those workers. Air Canada says it will begin cancelling flights today, with more disruptions Friday and a complete stoppage by Saturday if it doesn't reach a last-minute deal with the flight attendants' union. It says customers whose flights are cancelled will be eligible for a full refund, and it has also made arrangements with other Canadian and foreign carriers to provide alternative travel options "to the extent possible." Smith to lead Alberta panel at third town hall A travelling panel collecting public feedback on Alberta's grievances with Ottawa is set to make its third summer town hall stop tonight. Premier Danielle Smith and 15 other members of her Alberta Next panel are scheduled to be in Edmonton to brainstorm with people about possible future referendum questions. The premier has said one of the reasons for the panel is to address concerns that are inspiring separatist sentiment in the province. Its agenda focuses on six policy ideas, including pulling out of the Canada Pension Plan and creating a provincial police force to replace the RCMP. Ottawa should help fixer's family, ex-general says A former top general says it would be "unconscionable" for Ottawa to allow the family of an Afghan translator who risked his life to help Canadian soldiers to be deported back to Afghanistan. Retired general Rick Hillier, a former chief of the defence staff, said it would be appalling if Canada failed to help the ex-translator's sister, who fled to Turkey from Afghanistan but has been denied permission to remain in that country. "That would be unconscionable, if she ends up getting deported from Turkey and has to go back to Afghanistan to live under that brutal Taliban regime -- who hate women just as a starting point," Hillier told The Canadian Press in a recent interview. "We can do better." Chinese tariff on canola seed comes into force A Chinese tariff of nearly 76 per cent on Canadian canola seed is set to come into force today. The duty, announced Tuesday, has already caused the price of one of Canada's most valuable crops to fall, wiping out millions of dollars in its value. It comes a year after China launched an anti-dumping investigation into Canadian canola. The investigation was in response to Canada's 100 per cent tariff on Chinese electric vehicles, and the two countries have since hit each other with various levies. Canola farmers and Ottawa have rejected claims of dumping, arguing exporters have followed rules-based trade. Simons opens first Toronto department store Wandering through Simons's newest store a day before it opened on Thursday, Bernard Leblanc had a quiet confidence despite the busyness surrounding him. Across almost every inch of the flagship store at Yorkdale mall in Toronto, staff were scurrying to unwrap and steam the last of the location's merchandise, vacuum carpets and dress mannequins. The seemingly menial tasks belied the enormity of what they were all preparing for: Simons's entry into the venerable Toronto market. That feat has been a long time coming. La Maison Simons is 185 years old but has taken such a methodical expansion outside its home province of Quebec that it only counted 17 stores until now. While it's long wanted to head to Toronto, it somehow detoured through Halifax, Vancouver and even the city's outskirts in nearby Mississauga before forging its way into the heart of Ontario on Thursday. TIFF backtracks after pulling Oct. 7 documentary The Toronto International Film Festival has changed course after pulling a documentary about the Oct. 7, 2023, Hamas attacks in Israel from its lineup. In a statement sent Wednesday evening, TIFF chief executive officer Cameron Bailey said the festival would work with filmmaker Barry Avrich to find a way to screen the film. Bailey denied allegations that its previous decision to disinvite the film was a case of censorship. Earlier in the day, TIFF said that the doc titled "The Road Between Us: The Ultimate Rescue" didn't meet the festival's requirements, including "legal clearance of all footage." --- This report by The Canadian Press was first published Aug. 14, 2025 The Canadian Press
Yahoo
4 minutes ago
- Yahoo
Matthews China Fund's Strategic Moves: A Closer Look at BYD Co Ltd
Exploring the Fund's Investment Adjustments in Q2 2025 Matthews China Fund (Trades, Portfolio) recently submitted its N-PORT filing for the second quarter of 2025, revealing strategic investment adjustments. Established in February 1998, the fund aims to achieve its investment objectives by allocating at least 80% of its net assets in Chinese companies' common and preferred stocks. The fund focuses on companies with sustainable growth potential, evaluating factors such as balance sheet strength, cash flow stability, management quality, and corporate governance. This disciplined approach aligns with the fund's long-term value investment philosophy. Summary of New Buy Matthews China Fund (Trades, Portfolio) added a total of three stocks to its portfolio during the second quarter of 2025. The most significant addition was CMOC Group Ltd (HKSE:03993), with 4,581,000 shares, accounting for 1.24% of the portfolio and valued at HK$4.68 million. The second largest addition was Hisense Home Appliances Group Co Ltd (HKSE:00921), consisting of 1,186,000 shares, representing approximately 0.86% of the portfolio, with a total value of HK$3.24 million. The third addition was Cambricon Technologies Corp Ltd (SHSE:688256), with 28,038 shares, accounting for 0.63% of the portfolio and valued at 2.36 million. Key Position Increases Matthews China Fund (Trades, Portfolio) also increased its stakes in nine stocks. The most notable increase was in BYD Co Ltd (HKSE:01211), with an additional 303,000 shares, bringing the total to 543,000 shares. This adjustment represents a significant 126.25% increase in share count, impacting the portfolio by 1.26%, with a total value of HK$8.45 million. The second largest increase was in Suzhou TFC Optical Communications Co Ltd (SZSE:300394), with an additional 165,900 shares, bringing the total to 377,916. This adjustment represents a 78.25% increase in share count, with a total value of 4.24 million. Summary of Sold Out Matthews China Fund (Trades, Portfolio) completely exited 10 holdings in the second quarter of 2025. Notable exits include Anjoy Foods Group Co Ltd (SHSE:603345), with the sale of all 295,500 shares, resulting in a -0.84% impact on the portfolio. Another significant exit was Shenzhen Mindray Bio-Medical Electronics Co Ltd (SZSE:300760), with the liquidation of all 83,814 shares, causing a -0.7% impact on the portfolio. Key Position Reduces Matthews China Fund (Trades, Portfolio) reduced its position in 13 stocks. The most significant reduction was in Guangdong Haid Group Co Ltd (SZSE:002311), with a decrease of 338,300 shares, resulting in a -69.17% decrease in shares and a -0.6% impact on the portfolio. The stock traded at an average price of 56.49 during the quarter, returning 3.14% over the past three months and 20.49% year-to-date. Another notable reduction was in PetroChina Co Ltd (HKSE:00857), with a decrease of 2,634,000 shares, resulting in a -26.56% reduction in shares and a -0.55% impact on the portfolio. The stock traded at an average price of HK$6.32 during the quarter, returning 26.27% over the past three months and 30.81% year-to-date. Portfolio Overview As of the second quarter of 2025, Matthews China Fund (Trades, Portfolio)'s portfolio included 63 stocks. The top holdings were 10.31% in Tencent Holdings Ltd (HKSE:00700), 7.69% in Alibaba Group Holding Ltd (HKSE:09988), 4.51% in China Construction Bank Corp (HKSE:00939), 4.2% in Inc (HKSE:09618), and 3.79% in PDD Holdings Inc (NASDAQ:PDD). The holdings are mainly concentrated in 10 of the 11 industries: Consumer Cyclical, Financial Services, Communication Services, Technology, Industrials, Real Estate, Consumer Defensive, Healthcare, Basic Materials, and Energy. This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein. This article first appeared on GuruFocus.
Skift
5 minutes ago
- Skift
Canadians Shun U.S., Ennismore's IPO Impact, and MSC's Carbon Cuts
Listen to the day's top travel stories in under four minutes every weekday. Good morning from Skift. It's Thursday, August 14. Here's what you need to know about the business of travel today. Canadians are continuing to shun travel to the U.S., writes Associate Editor Rashaad Jorden. The number of Canadians returning by car from the U.S. dropped 37% in July from last year, marking the seventh straight month of declines. July also saw a roughly 26% decrease in Canadians returning by air from the U.S. However, the number of Canadians returning from destinations other than the U.S. rose roughly 6%. Japan and Brazil, among other countries, have registered double-digit increases in Canadian visitors between January and June. Listen to This Podcast Apple Podcasts | Spotify | Youtube | RSS Next, Hospitality Reporter Luke Martin explains how a successful IPO for Ennismore could change how investors view lifestyle hotels. Martin writes, although Wall Street has long prioritized scale and cost efficiency, a successful IPO could elevate design, brand heat, and food-and-beverage revenue as credible sources of long-term value. If Ennismore performs well as a public company, Martin notes that would change how developers in the U.S. pick brands. However, Martin writes that if an Ennismore IPO were to stumble, that would reinforce the prevailing view that lifestyle belongs inside big hotel groups, not as a standalone business on the public markets. Finally, MSC Cruises, the third-largest cruise operator by passenger numbers, says it managed to cut greenhouse gas emissions last year. But the cruise industry still has a lot of work to reduce its massive carbon footprint, writes Climate Reporter Darin Graham. MSC Cruises highlighted in its latest climate report the tweaks and strategies that helped it cut emissions, including using AI-controlled heating and cooling systems. In addition, MSC's move to plug ships into the grid while in port enabled ships to run on electricity. However, MSC said its overall emissions will start climbing again without more transformative decarbonization solutions as its fleet grows. A report from maritime consultancy DNV warns that by 2030, the global production of carbon-neutral fuels for cruise ships won't match demand.
