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Federal Government Wants Answer On AgriStability Proposal

It has been just over 110 days since the federal government made the offer to the provinces to improve AgriStability and are now asking for a clear indication from the three Prairie provinces whether they will sign on or not.
 
On November 27, 2020, the federal government proposed to eliminate the reference margin limit and boost the compensation rate to 80%.
 
At the request of Prairie Ministers, the federal government says it will convene a further federal-provincial-territorial meeting, asking the provincial ministers to bring an answer to the meeting.
 
The deadline to enroll in AgriStability this coming year is April 30, 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.