Nearly two-thirds of the crop, or almost 20 million tonnes, is destined for export, Agriculture and Agri-Food Canada forecast this week. Such ample supplies and expectations of lower-than-usual protein levels have created attractive prices for buyers, said Rhyl Doyle, director of export cereals for Paterson Grain. “These kind of prices and protein profile will give us the tools to put it into a lot of places,” he said. “If the price is right, that’s the key, and our farmers are sellers.” Canada is the world’s second-biggest producer of spring wheat, which is used to make breads, crackers and noodles, as well as the No. 2 producer of durum wheat, a main ingredient of pasta. The biggest Canadian grain handlers are Richardson International, Viterra and Cargill Ltd. Canada Western Red Spring wheat with 12 percent protein was available this week at British Columbia ports for $283 per tonne, some 10 percent or $30 per tonne cheaper than U.S. hard red winter wheat with the same protein at the Gulf of Mexico, Doyle said. “The Canadian prices will push Canadian wheat into a lot of hard red winter markets, even where you have a substantial freight disadvantage (from Canada),” Doyle said. Wheat with mid-scale protein levels from Canada and the United States will vie for sales, particularly in Latin America and Africa, he said. This year, Canada looks to have smaller-than-usual supplies of high protein wheat (above 13 percent) that usually moves into western Europe and Asia, but there should be enough 13.0 percent protein wheat for Japan to make breads and noodles, Doyle said.
Gold-mining shares were hit by weakness in the price of bullion, which remained volatile after the Fed’s statement. “Certainly the water is quite muddy at the moment,” said David Cockfield, managing director and portfolio manager at Northland Wealth Management, adding investors were very confused about the Fed’s next steps. The Toronto Stock Exchange’s S&P/TSX composite index closed down 120.31 points, or 0.93 percent, at 12,806.47. “I’m not betting the farm on the Canadian market taking off,” Cockfield said. “There are some huge headwinds.” He said sentiment for Canadian equities was beaten down, with investors finding U.S. stocks more attractive. Nine of the 10 main sectors on the index were in the red. The materials sector, which includes mining stocks, slipped 3.6 percent. Gold producers lost 5.5 percent as bullion stumbled. Barrick Gold Corp declined 4.2 percent to C$19.11, and Goldcorp Inc shed 3.8 percent to C$26.96, playing the biggest role of any two stocks in leading the market lower. Financials, the index’s most heavily weighted sector, gave back 0.3 percent.
At the same time, Mr. al-Maliki said he is hoping Canada will use its close friendship with Israel to urge the Jewish state behind the scenes to stop what he described as provocative actions that could derail peace talks. We know the good offices that Canada has with Israel could be used for raising these issues We know the good offices that Canada has with Israel could be used for raising these issues, Mr. al-Maliki said. He was in Ottawa for two days of meetings with federal officials this week, including what he indicated was a warm meeting with Mr. Baird. The meetings took place in the context of peace negotiations between Israelis and Palestinians that were relaunched last month after a five-year hiatus marked by frustration, anger and conflict. Mr. al-Maliki admitted he had mixed feelings about making his first trip to Ottawa given the Conservative governments strong opposition to the Palestinians bid for non-member state status at the UN this past November. Canada was one of only a handful of countries to vote against the resolution and lobbied other countries to vote against it as well. There was also concern about Mr. Bairds meeting with Israeli Justice Minister Tzipi Livni in April in East Jerusalem, which Canada and much of the rest of the world considers occupied territory belonging to the Palestinians. Visiting East Jerusalem and visiting the office of Tzipi Livni there, even if it was for a coffee, it was really violating international law, Mr. al-Maliki said.
In an effort to facilitate the Veteran-hiring process, Canada Company introduced the Military Employment Transition (MET) program, now known as the Canada Company MET Employer Coalition. The MET program matches Veterans with more than one hundred businesses across Canada looking for employees with specific skill sets, and provides Employer Partners with the tools they need to successfully onboard and retrain transitioning CAF members. Employer Partners commit to hiring Veterans and retraining them in order that they might successfully integrate into the civilian workforce. In exchange, Employer Partners receive access to an untapped pool of highly-skilled, disciplined and dedicated employees. I have seen firsthand the level of commitment and perseverance that our service men and women display in the workforce, said Blake Goldring, Chairman of Canada Company, and Chairman and CEO of AGF Management Limited. Our Employer Partners benefit immensely from the valuable skills our Veterans bring to the table and we know that there are vast numbers of companies that will benefit from joining the MET program and helping us to achieve our goal of finding jobs for 10,000 CAF members over the next 10 years. Despite the high-level and easily transferrable skill sets Veterans possess, the transition to civilian life can prove to be challenging. For many employers who are involved in the program, they see their role as not only being a good corporate and community leader on this issue, but able to tap into a highly skilled resource pool to fill key roles within their organization. In developing the MET program, Canada Company has recently looked to the 100,000 Jobs Mission in the United States for guidance on the best approach to addressing this challenge. The 100,000 Jobs Mission has provided valuable advice and experience that has already helped the Canadian program expand the pool of business partners available to transitioning and former CAF members. Canada Company will be hosting its inaugural Employer Partner conference November 21 and 22 in Toronto. The conference will bring together existing and prospective Employer Partners to build relationships, share successful transition techniques and provide an opportunity for open discussion about the program. Companies interested in participating in the challenge can learn more about the conference and the MET program by visiting the Canada Company website at www.canadacompany.ca Canada Company is a non-partisan charitable organization that serves to build a bridge between business and community leaders and the Canadian Military. It was formed in May 2006 with a pledge to stand should to shoulder with our service men and women for the sacrifices they make every day. Since then, the organization has grown to more than 500 members and has become an influential voice advocating for our Canadian Armed Forces at home and abroad. Tags: