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Agri-Food Strongest Growth Sector for Hamilton Port

Agri-food commodities are accounting for an increasing volume of shipments through the Hamilton port. 

The Hamilton-Oshawa Port Authority (HOPA) reported this week that agri-food commodities made up fully one-third of the 9.8 million tonnes of total cargo that transited the Hamilton port in the 2022 shipping season. Specifically, the port handled more than 1 million tonnes of soybeans and 1.5 million tonnes of wheat and corn, in addition to receiving the most raw sugar ever in Hamilton, 85,000 tonnes, destined for refining and use by food manufacturers in the region. 

“We know that food security at home and abroad is a major concern. We’re proud of our port partners who are manufacturing essential products like sugar, flour and cooking oil for use locally, as well as our export terminals who are delivering high-quality Ontario-grown grain around the world,” said Ian Hamilton, President and CEO of HOPA Ports. 

On the other hand, the conflict in Ukraine had a negative impact on the port’s fertilizer trade, since traditionally most of the urea-based fertilizer used on Ontario farms originates in the Baltic region. As Canadian importers sought out new fertilizer sources to avoid tariffs, the total amount transiting the Ports of Hamilton and Oshawa combined declined by 25% from 2021. 

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Canada reaches tariff deal with China on canola, electric vehicles

Video: Canada reaches tariff deal with China on canola, electric vehicles

Canada has reached a deal with China to increase the limit of imports of Chinese electric vehicles (EVs) in exchange for Beijing dropping tariffs on agricultural products, such as canola, Prime Minister Mark Carney said on Friday.

The tariffs on canola are dropping to 15 per cent starting on March 1. In exchange for dropping duties on agricultural products, Carney is allowing 49,000 Chinese EVs to be exported to Canada.

Carney described it as a “preliminary but landmark” agreement to remove trade barriers and reduce tariffs, part of a broader strategic partnership with China.