Connect with us
[bsa_pro_ad_space id=12]

Agriculture

$1.75B in mystery money could let Ottawa to start compensating farmers soon

Published

on

If you like this, share it!




  • OTTAWA — The federal government says it plans to spend .75 billion by March without having said what the money is for, though at least some of the cash is likely to go to farmers hurt by new trade deals.

    The government remains tight-lipped about how it will use the rest of the “non-announced” spending it allowed for in last week’s fall economic statement.

    In all, the government has made room for $9.5 billion worth of still-to-be-unveiled commitments over the next six years.

    A government source says some of that will go to dairy, egg and poultry producers, whose protected domestic markets were opened up to more foreign competition under new North American and Pacific Rim trade deals. The source, who was not authorized to discuss the matter publicly, spoke on condition of anonymity.

    The fall statement said the government is still talking with farmers and processors about compensation for the new United States-Mexico-Canada Agreement (USMCA) and the recently ratified Asia-Pacific trade pact known as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

    The negotiations will determine the size of the final package and how the money will be rolled out over the coming years.

    In 2016, the Liberal government dedicated $350 million to help dairy producers deal with the impacts of Canada’s trade agreement with the European Union. The amount included a five-year, $250-million fund for milk producers and a second program worth $100 million for cheese-makers.

    Looking ahead, Ottawa is also facing litigation related to Indigenous issues, including land claims, that could draw on some of the money.

    Most of the yet-to-be announced funding has been dedicated to the later years of the projection, with $2.1 billion set aside for 2021-22, $1.85 billion for 2022-23 and nearly $2.8 billion for 2023-24.

    One possible use for the cash: national pharmacare.

    The governing Liberals have put together a group of advisers to consult Canadians and to explore options for a national program. The council is due to report in 2019, when the topic of pharmacare is likely to become an issue during the federal election campaign.

    A spokesman for Finance Minister Bill Morneau argued the list of the government’s funding commitments in the fall update is comprehensive.

    But Pierre-Olivier Herbert noted some measures cannot be disclosed yet due to cabinet confidentiality or because ministers have yet to make a decision. Issues of national security, commercial sensitivity, or litigation or certain matters related to trade agreements must also be kept under wraps, he said.

    “The net fiscal impact of these confidential or sensitive measures is rolled up and presented at an aggregate level and will be detailed in due time,” Herbert wrote in an email.

    Thanks to the stronger economy, Morneau had more than $20 billion in extra fiscal room over the coming years to work with, compared to the forecasts in last February’s budget. But he chose to announce new initiatives — including billions of dollars worth of tax incentives for corporate Canada — that will use up all that space and then some, contributing to slightly larger annual deficits beginning next year.

    The document contained Ottawa’s long-awaited plan to help the country compete with the U.S. for investment dollars. It came in response to major American tax and regulatory reforms that many in the business community warn have eliminated Canada’s edge as an investment destination.

    The package includes new write-offs that are expected to lower federal revenues by about $14 billion over the next half-decade all by themselves.

    The fall update also contains no timeline to eliminate the Liberals’ shortfalls, which are now projected to be higher than $18 billion in each of the next couple of years.

    The opposition Conservatives and some economists have criticized the Liberals for not providing a date to balance the budget. There are warnings the government could face big fiscal challenges when the next economic downturn arrives.

    After the 2015 election, the Trudeau government abandoned vows to run yearly shortfalls of no more than $10 billion and to balance the books by 2019. Instead, it has focused on reducing the net debt-to-GDP ratio — a measure of how burdensome the debt is — each year.

    Andy Blatchford, The Canadian Press



    If you like this, share it!

    Agriculture

    Saying sorry: CN apologizes to Manitoba rancher for oil spill after derailment

    Published

    on

    If you like this, share it!




  • ST-LAZARE, Man. — CN has apologized to a Manitoba rancher after one of its trains derailed and spilled oil on his land.

    A company spokesman says CN vice-president Sean Finn has spoken directly with Jayme Corr about how to fix any damage resulting from Saturday’s spill.

    Corr says Finn apologized for taking so long to reach out to him.

    He says the railway initially gave him little information, despite the spill being on a frozen river oxbow that Corr uses to water his cattle in the summer.  

    CN still can’t say how many cars were leaking or how much oil was spilled.

    Trains resumed running at noon on Sunday.

    Cleanup crews from CN and investigators from the Transportation Safety Board are at the spill site.

    The Canadian Press


    If you like this, share it!
    Continue Reading

    Ag Politics

    Hans Rosling’s Factfulness

    knowideasmedia

    Published

    on

    If you like this, share it!




  • This is a book you really need to read. Visit gapminder.org to learn more about Hans Rosling.

    This video was produced independently by Know Ideas Media


    If you like this, share it!
    Continue Reading

    february, 2019

    fri15feb - 3marfeb 151:00 ammar 32019 Canada Winter Games1:00 am - (march 3) 1:00 am Red Deer

    sat23feb1:00 pm- 4:00 pmMAGSaturday @ the MuseumMAGnificent Saturdays welcomes all ages and abilities to participate in a fun art project every week! 1:00 pm - 4:00 pm

    sun24feb11:00 am- 2:00 pmOne Eleven Jazzy Brunch11:00 am - 2:00 pm

    wed27feb12:30 pm- 1:00 pmBusiness Professionals Video Lecture LunchThis course explains high-level business concepts in simple ways. 12:30 pm - 1:00 pm

    Trending

    X