Business Brief: Canola caught in the middle

After Foreign Affairs Minister Mélanie Joly visited China in July in an effort to thaw relations, Wang Yi, her counterpart in Beijing, said they had discussed the “difficulties and twists and turns” in the countries’ dealings, and that his government wanted to “inject momentum into the restoration” of normal ties.

After markets close, Alimentation Couche-Tard Inc. reports earnings amid news that it’s trying to buy the Japanese parent company of 7-Eleven.The Chinese government said it is launching an anti-dumping probe into Canadian canola imports, almost two weeks after Ottawa’s imposition of tariffs on Chinese electric vehicles.

The threat of a ban on Canadian imports of canola, also known as rapeseed, would represent a major blow to farmers and businesses, especially on the Prairies.The crops are grown by about 40,000 Canadian farmers who produce about 20 million tonnes a year.

United States United States Latest News, United States United States Headlines

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

Business Brief: Couche-Tard reports amid 7-Eleven takeover bidAlso in today’s edition: Expectations of another interest-rate cut
Source: globeandmail - 🏆 5. / 92 Read more »

Business Brief: An electrifying future for a storied steel companyAlso in today’s edition: A new member of the $1-trillion club
Source: globeandmail - 🏆 5. / 92 Read more »

Business Brief: Getting the trains moving againAlso in today’s edition: The rapture of Canadian office staff
Source: globeandmail - 🏆 5. / 92 Read more »

Business Brief: How to mix U.S. inflation into a recipe for economic clarityAlso in today’s edition: Charting a more productive course for Canada, and Mars lands a salty deal
Source: globeandmail - 🏆 5. / 92 Read more »

Business Brief: The Big Six earnings, and a spotlight on TDAlso in today’s edition: Canadians are in overwhelmingly good standing with their mortgage payments
Source: globeandmail - 🏆 5. / 92 Read more »

Business Brief: Can Loblaw’s growing health care empire earn the trust of Canadian patients?Also in today’s edition: A chart, a quiz and a look at the day ahead
Source: globeandmail - 🏆 5. / 92 Read more »