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Model-based principal field crop estimates, July 2023

In 2023, Canadian farmers are projected to produce more corn for grain and soybeans, but less wheat, canola, barley and oats, compared with 2022, according to recent yield model estimates using satellite imagery and agroclimatic data. Decreased production for most crops was driven by lower yields because of dry conditions in Western Canada.

Across much of the Prairies, lower-than-average precipitation and high temperatures have resulted in poorer crop conditions than in 2022. In Alberta, provincial reports indicated that less than half (43.1%) of the total crop was rated as being in good to excellent condition at the end of July, well below the five-year average of (60.2%). In Saskatchewan, dry conditions continue to be a concern, most notably in the southwest and west-central regions. Provincial reports from Manitoba indicated that crop conditions in the province were generally good.

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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.