Farm Credit Canada thinks the probability that the Bank of Canada will raise interest rates later this month increased to 97 percent since the United States-Mexico-Canada Agreement was signed.  |  REUTERS/Mark Blinch photo

Trade certainty not expected to strengthen Canadian dollar

Even with more certainty around trade with the United States, Canadians shouldn’t expect to see the dollar flying in value. “It’s hard for me to see the Canadian dollar gain value against the U.S. dollar in the short-term, unless the Bank of Canada totally revises its stance towards interest rates,” said J.P. Gervais, chief agriculture […] Read more

The new trade deal gave U.S. producers a share of the Canadian dairy market, but this won’t solve the major problem facing the American industry — oversupply.  |  File photo

USMCA no solution to America’s surplus milk problem

Like much of the U.S. President Donald Trump administration’s efforts, the push to renegotiate the North American Free Trade Agreement was an exercise with much sound and fury but that failed to address the real challenges. In agriculture, the United States forced Canada to make concessions in dairy, but I believe the positive impact on […] Read more

Eric VanderVeen shows one of the new robotic milkers that his family recently added to their dairy farm. Despite the investment, his father, Klaas, says the future of their dairy farm is less secure now that the U.S.-Mexico-Canada Agreement has been signed.  |  Barb Glen photo

Dairy farmers say trade deal threatens future

Alberta producers say the recently signed agreement will ‘negatively shape the future of the Canadian dairy industry’

Four days before the new international trade deal was agreed, Klaas and Eric VanderVeen welcomed a Lethbridge County tour group to their dairy farm in southern Alberta. The father and son talked about their recent investment in four robotic milkers, valued at $200,000 to $250,000 each, that made their operation more efficient and capable of […] Read more


American dairy farmers will benefit from the updated North American Free Trade Agreement because they get more access to the Canadian market and because the deal constrains Canadian exports of milk proteins.
 However, at the end of the day, Canada’s dairy industry and supply managed system will carry on, an American agricultural economist says. | File photo

‘Fortress Canada’ intact

American dairy farmers will benefit from the updated North American Free Trade Agreement because they get more access to the Canadian market and because the deal constrains Canadian exports of milk proteins. However, at the end of the day, Canada’s dairy industry and supply managed system will carry on, an American agricultural economist says. “Overall, […] Read more

The Canadian government offered the United States 3.6 percent of the country’s dairy market,which follows similar concessions in trade deals with Europe and the Pacific Rim.  |  Barb Glen photo

Trudeau fails to placate dairy farmers

OTTAWA (Reuters) — Canadian dairy farmers met Prime Minister Justin Trudeau last week to discuss his politically risky move to open up the protected domestic market to U.S. industry, but complained that he had not given them details about compensation. As part of the talks to complete the new United States-Mexico-Canada Agreement (USMCA) trade deal, […] Read more


An American farmer who has operated dairies on both sides of the 49th parallel says the new version of the North American Free Trade Agreement is good and could have been better.
 | Barb Glen photo

U.S. dairy says Canada not big USMCA loser

American farmers argue that the Canadian supply management sector didn’t give up as much as it should have

An American farmer who has operated dairies on both sides of the 49th parallel says the new version of the North American Free Trade Agreement is good and could have been better. “It was better than what we thought we would actually get,” Allan Huttema said about elements of the deal affecting U.S. dairy trade. […] Read more

Ralph Goodale, Saskatchewan MP and minister for public safety, speaks in Saskatoon at a Chamber of Commerce event on trade about the USMCA.  |  Michael Raine photo

VIDEO: Likely last of the big deals threatening supply management

The government didn’t doubt the sincerity of the United States’ chief negotiator when he told them his President wanted Canada’s supply management systems “gone.” Settling an update for the North American Free Trade Agreement had become tied to a few concessions on Canada’s part to ensure that a dispute resolution tool, outside of the U.S. […] Read more

Dairy Farmers of Canada launched a Twitter campaign against the new United States-Mexico-Canada Agreement, even though Prime Minister Justin Trudeau and Foreign Affairs Minister Chrystia Freeland promised compensation.
 | Twitter/@AlbertaMilk image

Dairy farmers protest trade agreement

Dairy farmers were seething, but grain and meat producers were optimistic Monday after the announcement a North American trade deal had finally been reached. Dairy Farmers of Canada launched a Twitter campaign against the new United States-Mexico-Canada Agreement, even though Prime Minister Justin Trudeau and Foreign Affairs Minister Chrystia Freeland promised compensation. “A handful of […] Read more


Not only are they satisfied that Canadian dairy, eggs and poultry prices were higher than those in the U.S. in 2015, they believe they have shown they still are higher today.
 | Getty image

Research teams disagree on cost of supply management

The United States and Canada forged a last-gasp deal on Sunday to salvage a three-country, $1.2 trillion open-trade zone agreement with Mexico that had been about to collapse after nearly a quarter century. 


Not only are they satisfied that Canadian dairy, eggs and poultry prices were higher than those in the U.S. in 2015, they believe they have shown they still are higher today. That’s the bottom-line response from a team of analysts from the University of Manitoba to criticism from a team of Laval university professors to […] Read more

The United States and Canada forged a last-gasp deal on Sunday to salvage NAFTA as a trilateral pact with Mexico, rescuing a three-country, $1.2 trillion open-trade zone that had been about to collapse after nearly a quarter century. | Twitter/@JustinTrudeau photo

View from the U.S.: analysts discuss trade deal

(Reuters) — The United States and Canada forged a last-gasp deal on Sunday to salvage NAFTA as a trilateral pact with Mexico, rescuing a three-country, $1.2 trillion open-trade zone that had been about to collapse after nearly a quarter century. Here’s what analysts think of the new deal: John Bode, president & CEO, U.S. Corn […] Read more