Canadian companies sticking with Chinese growth plans despite trade tensions

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 44 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 92%

Business News News

Business Business Latest News,Business Business Headlines

Canadian companies sticking with Chinese growth plans despite trade tensions GlobeBusiness

China halted imports of Canadian canola seed last month, an action that many observers believe is a form of retaliation for Ms. Meng’s arrest in Vancouver on a U.S. extradition request. Chinese-based importers of other Canadian agricultural products have also faced roadblocks that many believe are ultimately politically motivated. But that hasn’t led to an exodus of Canadian companies from the market.

In Ms. Whittle’s case, her agent and marketing partners on the ground in China reassured her that the sales slowdown would be short-lived. Sure enough, the flow of wine orders regained strength in March. Flow’s distinctive Tetra Paks started appearing in stores in China last May. Since then, sales have gone well, thanks in part to a perception among Chinese consumers that water from Canada must be safe and of high quality.“We’re expecting big things in the future,” says Mr. Reichenbach. Flow is considering hiring full-time staff in China to manage the growth.

Aero, which has plants in Vancouver and Port Edward, B.C., expects to sell at least 60 per cent of its spot prawns to China this spring. “Some of my competitors ship 100 per cent of their product to China,” Mr. Mirau says, “[but] I’m a real believer in not putting all your eggs in one basket.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

globebusiness NOOOOOOOOOOOOOO!!!!!

mtnbvan globebusiness China has been identified by CSIS as a hostile foreign threat. These folks are traitors to Canada.

globebusiness Don’t be dependent on China...it will hurt in the long run...

globebusiness thry never learn

globebusiness We should raise taxes on these companies

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Canadian billionaire Prem Watsa says Fairfax will focus on internal growth at key insurance businessWatsa said Fairfax was de-emphasizing acquisition-driven growth, but assured shareholders that would not limit the company’s overall performance globebusiness Carl Reiner called. He wants his DNA back.
Source: globeandmail - 🏆 5. / 92 Read more »

Investors staying away from energy stocks despite Canadian oil’s huge rally‘When the underlying commodity doubles and the stocks up until recently have done nothing is a real source of frustration,’ says one senior portfolio manager Yet all running to the Saudi $100million bond offerring.. Trudeau feels Canadian energy companies are experiencing his policies differently
Source: nationalpost - 🏆 10. / 80 Read more »

How a 160-year-old Canadian farming company is embracing food innovation - Macleans.caRichardson International has customers in 60 countries and a $30-million project underway in Winnipeg. A little trouble from China won’t faze it.
Source: macleans - 🏆 19. / 71 Read more »

Corey Conners in rare Canadian company near lead at Masters - Sportsnet.caFor Canadians, TheMasters is a sure sign that spring is around the corner. There is always extra hype. Mix in a Canuck on the leaderboard and the hype machine is in overdrive. (adam_stanley)
Source: Sportsnet - 🏆 57. / 59 Read more »

Why business is booming for cannabis extraction companies, despite the supply shortagesAlthough licensed producers are getting into extraction, observers predict it won’t be enough to meet future demand for cannabis in oil-form MediPharmLabs Anyone interested in investing in this can follow me for news.
Source: nationalpost - 🏆 10. / 80 Read more »