Canada can end dairy trade dispute with U.S. by ending pricing irritant: Saputo

Canada can end dairy trade dispute with U.S. by ending pricing irritant: Saputo
MONTREAL — Canada can preserve its dairy supply management system and resolve its trade dispute with the United States over dairy subsidies by ending its domestic milk ingredient pricing system, the head of Canada’s largest dairy processor said Monday. Despite U.S. President Donald Trump’s tweets denouncing Canada’s supply management system, dairy farmers across the border aren’t petitioning to get rid of... Read More

South Korea joins Japan in halting Canadian wheat imports after GMO plants found

South Korea joins Japan in halting Canadian wheat imports after GMO plants found
CALGARY — South Korea has joined Japan in suspending trade in Canadian wheat following the discovery of genetically modified plants in southern Alberta. Global Affairs spokesman Jesse Wilson says it’s standard protocol in both countries to temporarily close markets in such cases. The Canadian Food Inspection Agency said last week that it tested plants that survived spraying for weeds and found... Read More

Germany will fail 2020 climate goals, now eyes 2030 target

Germany will fail 2020 climate goals, now eyes 2030 target
BERLIN — Germany will likely miss its goal of cutting emissions by 40 per cent by 2020, the country’s environment minister said Monday, an embarrassing admission for a government that wants to lead the charge on limiting climate change. Official estimates project that Europe’s biggest economy will trim its greenhouse gas emissions by 32 per cent or less by 2020 compared to 1990 levels.... Read More

Audi CEO detained in diesel emissions case

Audi CEO detained in diesel emissions case
BERLIN — German authorities on Monday detained the chief executive of Volkswagen’s Audi division, Rupert Stadler, as part of a probe into manipulation of emissions controls. The move follows a search last week of Stadler’s private residence, ordered by Munich prosecutors investigating the manager on suspicion of fraud and indirect improprieties with documents. “Audi CEO Rupert Stadler was provisionally arrested... Read More

Baytex Energy and Raging River Exploration sign merger deal

Baytex Energy and Raging River Exploration sign merger deal
CALGARY — Baytex Energy Corp. and Raging River Exploration Inc. have signed a deal to merge operations. The combined company, which will operate under the Baytex name, is expected to have production of approximately 94,000 barrels of oil equivalent per day from a diverse portfolio of oil assets that includes the Viking, Peace River, Lloydminster and East Duvernay Shale regions... Read More

Arizona Mining shares up on takeover offer by Australian company South32

Arizona Mining shares up on takeover offer by Australian company South32
VANCOUVER — Shares of Arizona Mining Inc. soared in early trading after the company announced a deal to be acquired by Australian company South32 Ltd. that valued the company at about $2.1 billion. Under the deal, South32, which already holds a 17 per cent stake in the company, has agreed to pay $6.20 per share for the shares it does not... Read More