Country 105

 

     
Country 105

Country 105


Agriculture Report

Low Loonie Impacts Farmers

By Fadi Didi

FCC says low Canadian dollar has had a major impact on the Canadian crop and livestock sectors.


Length: 1:09

Farmers have been impacted by the lower Canadian dollar.

Farm Credit Canada economist Leigh Anderson says it has had a major impact on the Canadian crop and livestock sectors.

Anderson notes there's been a four per cent increase in Ontario corn prices this year while U-S prices were down by 10 per cent.

And while cattle and calf prices were up between 3 and 10 per cent in the U-S this year, Canadian prices were up 20 per cent.

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The U-S Senate is looking at legislation that would repeal the controversial country of origin labelling law.

The World Trade Organization has repeatedly ruled the law -- known as COOL -- gives American products an unfair advantage.

Saskatchewan Agriculture Minister Lyle Stewart says there's no guarantee it will be repealed, so he's pushing the federal government to continue to move forward with punitive measures.

Last week, the W-T-O awarded Canada and Mexico the right to impose one-billion dollars in punitive tariffs to counter the U-S trade violations.

Prime Minister Justin Trudeau says Canada would prefer not to have to engage in retaliatory measures, but will to stand up for its farmers.

 

 


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