Loblaw to cut 700 head office, admin jobs

Canada’s largest food retail company, citing long-term planning for efficiency, plans to eliminate about 700 management and administrative jobs, most notably at its head office. Loblaw Companies said Tuesday its changes take effect starting that day and should be complete in the next three weeks, for an estimated one-time fourth-quarter charge of about $60 million […] Read more

Ontario, Manitoba book biggest gains in farmland values

Ontario, Manitoba book biggest gains in farmland values

Rises in average farmland values in Ontario, Manitoba and Saskatchewan jumped out ahead of Canada’s national average value, which itself rose at its fastest rate in years during the first half of 2012, according to Canada’s federal farm lender. Farm Credit Canada on Tuesday rolled out the fall edition of its twice-yearly Farmland Values report, […] Read more


International Trade Minister Ed Fast (right) meets with TPP nations’ ministers on the side of an APEC ministerial meeting in Russia on Sept. 6. (DFAIT)

Canada formally joins Trans-Pacific trade talks

Seeking to reduce its reliance on the sluggish U.S. market, Canada has formally joined 10 other nations in talks on creating an Asia Pacific free trade agreement, the federal government said on Tuesday. The Trans-Pacific Partnership (TPP) negotiations are designed to produce a free-trade zone with a combined population of 658 million people and a […] Read more

One in eight of world population going hungry, UN says

One out of every eight people in the world is chronically undernourished, the United Nations’ food agencies said Tuesday, warning that progress to reduce hunger has slowed since 2007-08 when high food prices sparked riots in several poor countries. In their latest report on food insecurity, the UN agencies estimated that 868 million people were […] Read more



Oxfam urges World Bank to freeze land investments

Global development group Oxfam on Wednesday called on the World Bank to suspend financing for large-scale land acquisitions to ensure that its practices do not encourage foreign land grabs in developing countries. Oxfam urged Jim Yong Kim, the lender’s new president, to announce a six-month moratorium on land investments by the bank at meetings of […] Read more



U.S. farm law expires next week

Expiration of U.S. farm law on Oct. 1, shutting off dairy supports and putting 2013 crop subsidies in limbo, will cause pain for some farmers and frustration for many but programs like food stamps and crop insurance will roll on, analysts said. U.S. government funding is assured through March 2013 for many programs based on […] Read more


Court sidelines crackdown on commodity speculation

A U.S. judge knocked back on Friday tough new rules to clamp down on excessive speculation in commodity markets, handing an 11th-hour victory to Wall Street’s biggest banks and angering lawmakers concerned about high prices for gasoline and other raw materials. Just two weeks before the "position limits" rule was to take effect, U.S. District […] Read more