Dealer Associations Respond to Canadian Federal Budget, Voice Support for USMCA

Nov 06, 2025

The Associated Equipment Distributors (AED) and North American Equipment Dealers Assn. (NAEDA) each released statements on Nov. 5, 2025 in support of the United States-Mexico-Canada Agreement. In addition, AED provided commentary on Canada's federal budget.

AED Responds to Canada's Federal Budget Announcement

Today on Parliament Hill, Associated Equipment Distributors (AED), representing U.S. and Canadian equipment dealers and manufacturers, shared its response to the federal government’s 2025 budget announcement. AED is one of the largest U.S./Canadian trade associations and a supporter of free trade between Canada and the U.S. The association’s president outlined how the budget measures will impact the competitiveness of the North America infrastructure, construction, agriculture, and mining sectors.

“AED is one of thelargest Canadian/American trade associations fighting for a free trade environment on both sides of the border. This morning, we are in Ottawa, with a joint delegation of Canadian and American members to deliver a message aimed at economic prosperity and economic growth,” stated AED President and CEO Brian P. McGuire.

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Video: Is China Buying US Soybeans + USDA Nov 14th Crop Report could be “Game Changing”

After a week of a U.S./China trade truce, markets/trade is skeptical that we have not seen a signed agreement nor heard much from China or seen any details. There are rumors that China is buying soybean futures & not the physical. Trust in Trump?
12 MMT of U.S. soybean purchases by China by year-end is better than 0 but we all need to give it more time and give it a chance to unfold. China did lower the tariffs on Ag and is buying U.S. wheat and sorghum.
U.S. supreme court could rule against Trumps tariffs, but the Trump administration does have a plan B.
U.S. government shutdown is now the longest in history at 38 days.
But despite a U.S. government shutdown we will be getting a USDA November crop report next Friday and it could be “game changing.” If the USDA provides a bullish surprise with lower U.S. corn and soybean yields and ending stocks that are lower than expected both corn and soybean futures will break out above their ceilings at $4.35/bu and $11.35/bu respectively.
The funds continued their selling in live and feeder cattle futures on continued fears that the Trump administration want to lower U.S. beef prices. The fundamentals have not changed, only market psychology has.
Stocks markets continue to worry about a weak U.S. job market, but you can blame ChatGPT for that. In the future, we will have a more efficient, productive and growing economy with a higher unemployment rate until we have more skilled AI workers.
After 34 new record highs in the S & P 500 and 124 new records in the NASDAQ in 2025 we are back to a correction and investor profit taking as AI valuations may have gotten too stretched near-term ahead of NVDA’s 3rd quarter earnings announcement on Nov. 19th. But this is not an AI bubble.
75% of Tesla shareholders approved a $1 trillion pay package for Elon Musk!
It has rained in South America in the last 7 days, but both the American and European models agree that Central Brazil remains dry in the next 14-days!

Ag industry reacts to federal budget

Farmers coming together to shape the future of agriculture