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Farm Cash Receipts Up in 2015

Saskatchewan farmers saw strong gains in crop receipts for the first quarter of 2016.
 
Stats Canada reports show Saskatchewan’s numbers jumped 18.6% over the same period last year, mainly due to the strong demand for pulse crops.
 
According to the report Lentils contributed the most to the gain in crop receipts.
 
While we had the strongest increase in crop receipts, Saskatchewan producers also reported the largest decline in Livestock receipts for the first quarter, down 21.6% or $140 million dollars.
 
Source : Discoverestevan

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Canada reaches tariff deal with China on canola, electric vehicles

Video: Canada reaches tariff deal with China on canola, electric vehicles

Canada has reached a deal with China to increase the limit of imports of Chinese electric vehicles (EVs) in exchange for Beijing dropping tariffs on agricultural products, such as canola, Prime Minister Mark Carney said on Friday.

The tariffs on canola are dropping to 15 per cent starting on March 1. In exchange for dropping duties on agricultural products, Carney is allowing 49,000 Chinese EVs to be exported to Canada.

Carney described it as a “preliminary but landmark” agreement to remove trade barriers and reduce tariffs, part of a broader strategic partnership with China.