Rodents relish palm fruits in Malaysia amid labor shortage Palm oil prices seen remaining near all-time high Dry weather in Canada's canola areas seen curbing output High prices to encourage soybean planting in Brazil In a sprawling oil palm plantation…
Read MoreCanadians Enter 2021 With Confidence at Pre-Pandemic Levels
Consumers in Canada enter the year riding a wave of optimism that the worst is over. The nation’s households reported a surge in confidence in the final weeks of 2020 that has brought sentiment back to pre-pandemic levels for the…
Read MoreAphria, Tilray Merger To Create The Largest Cannabis Company
Canadian cannabis companies Aphria Inc. (APHA, APHA.TO) and Tilray, Inc. (TLRY) said Wednesday they have agreed to combine their businesses and create the world’s largest global cannabis company based on pro forma revenue. Shares of Aphria are rising more than…
Read MoreCanada’s Largest Pension Says Inflation Could Rise in Rebound
Canada’s largest pension fund says policy measures across the globe to address the Covid-19 pandemic could fuel inflation after years of under-inflation while also spurring a rebound in employment and business investment. “We’re keeping an eye on this because central…
Read MoreHome Prices Reach Fresh Record in Canada Even as Sales Slip
Canadian home sales inched back in November from elevated levels, though prices reached a record as the country’s real estate market continues to benefit from strong demand and low borrowing costs. National sales declined 1.6% from a month earlier, the…
Read MoreCanada Could Issue Order to Avoid Tariffs on U.K. Products
Justin Trudeau’s government expects to take stopgap regulatory measures to prevent the imposition of tariffs on U.K. products as it waits for Canada’s parliament to ratify a new trade pact between the countries, according to a senior government official. Britain…
Read MoreCanada Has Reserved More Vaccine Doses Per Person Than Anywhere
Canada already had enough potential Covid-19 vaccines secured to protect a population almost four times its size. It just added another 20 million doses to the pile and accelerated its vaccination calendar. The government doubled its order from Moderna Inc….
Read MoreBank of Canada Chief Defends Bond Purchases From Political Attacks
Governor Tiff Macklem brushed off accusations the Bank of Canada is financing Justin Trudeau’s deficits and fueling inflation risks, even as he acknowledged there are limits to how much government debt it can buy. In parliamentary testimony on Thursday, Macklem…
Read MorePeas and Lentils Are the Latest to Be Hit by Container Shortage
A shortage of containers at Vancouver’s port is slowing Canada’s exports of lentils and peas, the latest ripple in a phenomenon that has roiled trade. Companies are rushing to get the steel boxes to Asia so that consumer goods made…
Read MoreU.K., Canada on Brink of Trade Agreement, Replacing EU Deal
The U.K. and Canada are on the brink of signing a new trade agreement to replace the existing deal Britain has through European Union membership. The agreement would be a major boost to U.K. Prime Minister Boris Johnson in his…
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