Canada and China have struck an initial trade deal that will slash tariffs on electric vehicles and canola, Prime Minister Mark Carney said on Friday, as both nations promised to tear down trade barriers while forging new strategic ties.
Canola
Canada, China slash EV, canola tariffs in reset of ties
Carney hails warmer ties with China, Xi’s leadership
Prime Minister Mark Carney hailed on Thursday Canada’s improving ties with China as well as the leadership of President Xi Jinping. In a ‘roadmap’ agreement signed on Thursday, Canada and China committed to “maintaining open channels of communication” to resolve issues on trade in agricultural products like canola.
ICE Weekly: All eyes on Carney in China
Jamie Wilton, trader for RJ O’Brien in Winnipeg, said he and the canola trade is watching and waiting while Prime Minister Mark Carney visits China this week.
China’s 2025 Canadian import slump to remind visiting Carney of economic stakes
China bought fewer goods from Canada last year for the first time since 2020, according to Chinese data released on the same day as Prime Minister Mark Carney starts his China visit.
Large gap in canola ending stocks between AAFC, USDA
There’s a 760,000-tonne difference in the ending stocks for Canada’s 2025/26 canola crop respectively estimated by Agriculture and Agri-Food Canada and the United States Department of Agriculture. Aside from that, the canola data from AAFC and the USDA remain quite similar.
Canadian prime minister visits China after nearly a decade of tense relations
Prime Minister Mark Carney departs for China on Tuesday, where he will discuss trade and international security at a time when Canada faces uncertain relations with the U.S. due to a trade war and annexation threats from President Donald Trump.
Ahead of Carney visit, China rapeseed meal prices slide near two-week low
China’s most active Zhengzhou rapeseed (canola) meal futures fell on Monday, hovering near their lowest point in more than two weeks, as news of Prime Minister Mark Carney’s visit to China this week boosted sentiment around a potential canola-related deal.
Glufosinate-resistant waterhemp appears in U.S. Midwest
Signs of such resistance are also developing in kochia, a U.S. weed scientist warns
News of glufosinate-resistant kochia in the U.S. is concerning as farmers are losing options to control waterhemp, also of the pigweed family.
ICE canola weekly outlook: Futures trending higher to start year
Canola futures were trending higher to start the New Year, with the nearby technical signals showing more room to the upside. However, continued strength will require additional outside support.
Carney to visit China next week, spokesperson says
Prime Minister Mark Carney will visit China January 13-17, his office said on Wednesday, in what will be the first visit by a Canadian prime minister since 2017.
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