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Regina-Based Grain Company Reports Successful Year

Regina-based AGT Food and ingredients has announced revenues of 1.7 billion dollars last year, up 25 per-cent from the previous year.
 
Earnings before interest, taxes and depreciation reached 101 million dollars, up 16 per-cent from the year before.
 
President Murad Al-Katib says Canada had record pulse crop exports in the last quarter of 2015.
 
As well, he says lentil prices hit record levels of around 40 dollars a bushel.
 
Source : CKRM

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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.