Definity signs deal to buy Travelers' Canadian operations for $3.3 billion
Definity says the deal will make it the fourth largest property and casualty insurer in Canada.
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Calgary Herald
20 minutes ago
- Calgary Herald
'Very stressful': Southern Alberta farmers say China's tariff on Canadian canola seed creates price uncertainty
Article content While farmers will likely keep their canola longer once it's been harvested, they have bills to pay in the fall, said Hubbard. Article content 'You end up holding it longer, which increases your storage risk. It increases the risk all around.' Article content In a Tuesday statement, Chris Davison, president and CEO of the Canola Council of Canada, said the Chinese market is effectively closed to the Canadian canola industry due to China's preliminary determination of dumping for canola seed, along with the 100-per-cent anti-discrimination tariffs on canola meal and oil already in place. Article content The Chinese market is Canada's second largest for canola and canola products, and in 2024, Canada's canola exports to China were valued at $4.9 billion. Article content 'This tariff will have an immediate and substantive impact on farmers' marketing opportunities for the 2025 canola crop,' said Canadian Canola Growers Association president and CEO Rick White. Article content Article content Alberta Agriculture and Irrigation Minister RJ Sigurdson called the decision by China — Alberta's second largest agricultural export market — to impose the new tariff on more Canadian canola products 'another devastating blow' for the province's agriculture industry. Almost 70 per cent of Alberta's canola seed exports head to China. Article content 'Alberta is once again calling on Ottawa to act swiftly, engage in constructive dialogue with China, and restore access to one of our most critical markets before more livelihoods are lost,' said Sigurdson on Tuesday. Article content Two federal cabinet ministers said Tuesday that Canada stands 'shoulder to shoulder' in support of Canada's canola producers, workers and exporters. International Trade Minister Maninder Sidhu and Agriculture and Agri-Food Minister Heath MacDonald also denied that Canada dumps canola on the Chinese market.
Global News
an hour ago
- Global News
Feds meet with canola industry groups amid new China anti-dumping tariff
Agriculture Minister Heath MacDonald and International Trade Minister Maninder Sidhu are meeting with canola groups this afternoon following China's announcement that it will hit Canada with a 75.8 per cent tariff on the crop. The ministers are set to meet with the Canola Council of Canada and the Canadian Canola Growers Association later today. The new duties are scheduled to come into effect tomorrow. 1:48 Alberta producers call new Chinese tariff on canola seed 'devastating' The canola industry is calling for swift action by Ottawa, warning Beijing is threatening a tariff so steep it would effectively seal off its $5-billion market to Canada. Story continues below advertisement China started an anti-dumping probe of Canadian canola exports nearly a year ago. Get breaking National news For news impacting Canada and around the world, sign up for breaking news alerts delivered directly to you when they happen. Sign up for breaking National newsletter Sign Up By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy That investigation was launched in response to Canada's 100 per cent tariff on Chinese electric vehicles. This report by The Canadian Press was first published Aug. 13, 2025. — With files from Nick Murray and Jeremy Simes
Toronto Star
2 hours ago
- Toronto Star
Buy Canadian shopping trend starting to lose some steam: Metro CEO
Consumers are still seeking local products, but executives at one of Canada's biggest grocers say the buy Canadian movement is starting to lose some steam. 'It's decelerating somewhat,' Metro Inc. chief executive Eric La Flèche told analysts during a third-quarter earnings conference call on Wednesday.
