
'Very stressful': Southern Alberta farmers say China's tariff on Canadian canola seed creates price uncertainty
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.
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The Chinese market is Canada's second largest for canola and canola products — in 2024, Canada's canola exports to China were valued at $4.9 billion.
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'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.
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Alberta Agriculture and Irrigation Minister RJ Sigurdson called the decision by China — Alberta's second largest agricultural export market — 'another devastating blow' for the province's agriculture industry. Almost 70 per cent of Alberta's canola seed exports head to China.
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'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,' Sigurdson said Tuesday.
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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.
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Winnipeg Free Press
4 hours ago
- Winnipeg Free Press
Hong Kong court begins hearing final arguments in Jimmy Lai's national security trial
HONG KONG (AP) — A Hong Kong court began hearing final arguments Monday in the landmark national security trial of former pro-democracy newspaper founder Jimmy Lai, who could be sentenced to up to life in prison if he is convicted. Lai, 77, was arrested in 2020 under a national security law imposed by Beijing following anti-government protests in 2019. He is being tried on charges of colluding with foreign forces to endanger national security and conspiring with others to issue seditious publications. Lai founded Apple Daily, one of the local media outlets that was most critical against Hong Kong's government. His high-profile case — which has already stretched nearly 150 days, far beyond the original estimate of 80 days — is widely seen as a trial of press freedom and a test for judicial independence in the Asian financial hub. Prosecutors allege that Lai asked foreign countries, especially the United States, to take actions against Beijing 'under the guise of fighting for freedom and democracy.' On the first day of his testimony, he denied he had asked then-Vice President Mike Pence and then-Secretary of State Mike Pompeo to take action against Hong Kong and China during the 2019 protests. Later, when Lai's lawyer questioned him about an Apple Daily report saying he had asked the U.S. government to sanction Beijing and Hong Kong leaders, he said he must have discussed it with Pompeo, as he had no reason to doubt the accuracy of the report by the now-defunct newspaper he founded. But Lai said he would not have encouraged foreign sanctions after the national security law was enacted on June 30, 2020. The closing arguments have been delayed twice, first due to weather then to concerns over Lai's health. On Friday, his lawyer, Robert Pang, said Lai had experienced heart palpitations while in prison. The judges wanted him to secure a heart monitor and medication first. After Friday's hearing, the Hong Kong government alleged foreign media outlets had attempted to mislead the public about Lai's medical care. It said a medical examination of Lai found no abnormalities and that the medical care he received in custody was adequate. It is unclear when the verdict will be delivered. Lai's yearslong detention, especially in solidarity confinement, has drawn concerns from foreign governments and rights groups. U.S. President Donald Trump, before being elected to his second term in November, said he would talk to Chinese leader Xi Jinping to seek Lai's release: 'One hundred percent, I will get him out.' In a Fox News radio interview released last Thursday, Trump denied saying he would '100%' save Lai, but rather that he would bring the issue up. 'I've already brought it up, and I'm going to do everything I can to save him,' he said. Monday Mornings The latest local business news and a lookahead to the coming week. China has accused Lai of stirring a rise in anti-China sentiments in Hong Kong and said it firmly opposes the interference of other countries in its internal affairs. Dozens of people waited in the rain Monday for a seat in the main courtroom to see Lai. Former Apple Daily reader Susan Li said she worried about Lai's health as he looked visibly thinner, and she would continue to pray for him. 'I wanted to let him know we are still here,' she said. When Hong Kong, a former British colony, returned to China in 1997, Beijing promised to retain the city's civil liberties for 50 years. But critics say that promise has become threadbare after the introduction of the security law, which Chinese and Hong Kong authorities insist was necessary for the city's stability.

National Post
5 hours ago
- National Post
Bragg Gaming Group Announces Cyber Security Incident
Article content TORONTO — Bragg Gaming Group (BRAG:CA) ('Bragg' or the 'Company'), a leading content and technology provider to the online gaming industry, today announced the Company learned of a cybersecurity incident early Saturday morning, August 16, 2025, CEST time. Article content Bragg has taken immediate steps to mitigate any potential impact. Additional independent cybersecurity experts have been retained to assist the Company in dealing with the matter in accordance with industry best practices. Article content Based on preliminary investigations, the Company believes that the data breach was limited to Bragg's internal computer environment. At the present time, there is no indication that any personal information was affected. Additionally, the breach has had no impact on the ability of the Company to continue its operations, nor has it been restricted from accessing any data that has been subject to the breach. Article content Bragg is committed to data safety, is taking the matter very seriously and asks its customers and partners for their patience as it seeks to remediate the situation. Article content The latest information regarding the incident will be made available on and updated as further developments occur. Article content This news release contains forward-looking statements or 'forward-looking information' within the meaning of applicable Canadian securities laws ('forward-looking statements'), including, without limitation, statements with respect to the following: the Company's plans to address the cyber security incident and its expected impact on Bragg's operations and the safety and security of its customers and partners data. Forward-looking statements are provided for the purpose of presenting information about management's current expectations and plans relating to the future and allowing readers to get a better understanding of the Company's anticipated financial position, results of operations, and operating environment. Often, but not always, forward-looking statements can be identified by the use of words such as 'plans', 'expects' or 'does not expect', 'is expected', 'budget', 'scheduled', 'estimates', 'forecasts', 'intends', 'anticipates' or 'does not anticipate', or 'believes', or describes a 'goal', or variation of such words and phrases or state that certain actions, events or results 'may', 'could', 'would', 'might' or 'will' be taken, occur or be achieved. Article content All forward-looking statements contained in this news release reflect the Company's beliefs and assumptions based on information available at the time the statements were made. Actual results or events may differ from those predicted in these forward-looking statements. All of the Company's forward-looking statements are qualified by the assumptions that are stated or inherent in such forward-looking statements, including the assumptions listed below. Although the Company believes that these assumptions are reasonable, this list is not exhaustive of factors that may affect any of the forward-looking statements. Specifically, the forward-looking statements herein are subject to the risk that the investigation of the cyber security breach is in its initial stages so the assessment of the potential impact could change over time as more information gathered. Article content Forward-looking information, by its very nature, is subject to numerous risks and uncertainties and is based on several assumptions which give rise to the possibility that actual results could differ materially from the Company's expectations expressed in or implied by such forward-looking information and no assurance can be given that any events anticipated by the forward-looking information will transpire or occur, including but not limited to the timing for the investigation and recovery process, the impact on Bragg's business operations, future plans, activities, objectives, operations, strategy, business outlook and financial performance and condition of the Company. Article content Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events, or otherwise, except in accordance with applicable securities laws. Article content About Bragg Gaming Group Article content Bragg Gaming Group (NASDAQ: BRAG, TSX: BRAG) is an iGaming content and turnkey technology solutions provider serving online and land-based gaming operators with its proprietary and exclusive content, and cutting-edge technology. Bragg Studios offer high-performing and passionately crafted casino game titles using the latest in data-driven insights from in-house brands including Wild Streak Gaming, Atomic Slot Lab and Indigo Magic. Its proprietary content portfolio is complemented by a cross section of exclusive titles from carefully selected studio partners under the Powered By Bragg program. Games built on Bragg's remote games server (Bragg RGS) technology are distributed via the Bragg Hub content delivery platform and are available exclusively to Bragg customers. Bragg's flexible, modern, omnichannel Player Account Management (PAM) platform powers multiple leading iCasino and sportsbook brands and at all points is supported by expert in-house managed, operational, and marketing services. Content delivered via the Bragg Hub either exclusively or from the Bragg aggregated games portfolio is managed from a single back-office which is supported by powerful data analytics tools, and Bragg's award-winning FuzeTM player engagement toolset. Bragg is licensed, certified, approved and operational in many regulated iCasino markets globally, including the U.S., Canada, Brazil, United Kingdom, Italy, the Netherlands, Germany, Sweden, Spain, Malta and Colombia. Article content Article content Article content Article content Contacts Article content Company Contacts Article content


Canada News.Net
5 hours ago
- Canada News.Net
Industrial, consumer data put strain on $19 trillion Chinese economy
BEIJING, China: China's industrial output growth slowed to its weakest pace in eight months in July, while retail sales also lost momentum, underscoring mounting pressure on policymakers to boost domestic demand and shield the US$19 trillion economy from global headwinds. Official data from the National Bureau of Statistics (NBS) on August 15 showed industrial production rising 5.7 percent year-on-year, the lowest since November 2024 and down from June's 6.8 percent increase, missing forecasts of 5.9 percent. Retail sales, a key measure of consumption, grew just 3.7 percent—the slowest since December 2024—compared with 4.8 percent in June and well below the expected 4.6 percent. The weak readings come as Beijing grapples with multiple challenges: U.S. President Donald Trump's trade measures, intense domestic competition, a prolonged property slump, and disruptions from extreme weather. Although a temporary U.S.-China trade truce, extended this week for another 90 days, has prevented tariff rates from returning to previous highs, Chinese manufacturers still face sluggish demand and factory-gate deflation. "The economy is quite reliant on government support," said Xu Tianchen of the Economist Intelligence Unit, noting that earlier policy measures were "front-loaded" in early 2025 and have since lost impact. While those steps helped avert a sharper slowdown, analysts expect weak domestic demand and global risks to weigh on growth in coming quarters. Fixed asset investment grew only 1.6 percent in the January–July period from a year earlier, down from 2.8 percent in the first half and far below forecasts of 2.7 percent. Some sectors, however—notably automobiles, shipbuilding, aerospace, and other transport equipment—remain bright spots, benefiting from policy-driven support. Beijing has pledged fresh measures to stimulate consumption and curb "disorderly" price competition, aiming to hit its 2025 growth target of around 5 percent. Yet overcapacity and steep discounting are keeping consumers on the sidelines, waiting for further price drops. Bank lending data earlier this week showed new yuan loans contracting in July for the first time in two decades, highlighting weak private-sector demand. The property sector's protracted slump continues to sap consumer confidence. New home prices fell 2.8 percent year-on-year in July, extending a two-year downturn. "It's difficult to expect consumers to spend with greater confidence if their biggest asset continues to decline," said ING's Lynn Song. Extreme weather—heatwaves, storms, and floods—has further disrupted production and commerce. A Reuters poll forecasts GDP growth slowing to 4.5 percent in the third quarter and 4.0 percent in the fourth, with full-year 2025 growth at 4.6 percent, below last year's 5.0 percent and short of the government's goal. Growth is expected to ease further to 4.2 percent in 2026, suggesting Beijing faces a challenging path to reignite domestic demand and stabilize its slowing economy. "We see little reason to expect much of an economic recovery during the rest of this year," said Zichun Huang, China economist at Capital Economics.