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Grain movement has been steady

CPKC reporting that grain movement has been running fairly smooth as they move grain to port.

CPKC's assistant vice president of marketing and sales for bulk is Elizabeth Hucker:

"Things are moving very well from a Canadian grain perspective both in the western provinces as well through to eastern Canada and the United States. In week 14 of the grain shipping year, CPKC moved over 600,000 metric tons of grain and grain products to those destination markets. Actually our second largest Week of the 2023-2024 grain crop year."

Hucker notes that grain movement is at a slower rate than last year and still well below the available capacity that they have to move grain as outlined in their 2023-24 Grain Service Outlook.

She notes the forecast is calling for rain in Vancouver, which becomes an issue as vessels can't load grain in the rain.

To hear Glenda-Lee's discussion with CPKC's Elizabeth Hucker click on the link below.

Click here to see more...

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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.