OTTAWA (Reuters) — North American industry groups and shippers are bracing for an unprecedented simultaneous stoppage at both of Canada’s main railways that could inflict billions of dollars’ worth of economic damage. Canada is the world’s second-largest country by area and relies heavily on trains to transport grain, automobiles, potash, coal and other goods. “It’s […] Read more
Tag Archives Glencore
Bunge-Viterra merger worries competition bureau
UPDATED – April 24, 2024 – 0900 CST – OTTAWA (Reuters) — Canada’s Competition Bureau says it has found major competition concerns around U.S. grains merchant Bunge’s proposed acquisition of Glencore-backed Viterra, throwing an obstacle before a global agriculture merger that is unprecedented in dollar value. The deal would create a company worth $34 billion, […] Read more
