Trudeau government set to boost cash advances for farmers as canola crisis drags on - News Summed Up

Trudeau government set to boost cash advances for farmers as canola crisis drags on


The news comes not long after Prime Minister Justin Trudeau promised that help for canola farmers would be "coming out in a few days." China has blocked Canadian canola seed from Richardson International and Viterra, two of Canada's biggest exporters, saying that shipments were contaminated with pests. Other China-bound shipments of Canadian canola have been cancelled, forcing exporters to sell the seed elsewhere at a discount. For canola farmers, however, the federal government is increasing the interest-free portion of the cash advances to $500,000. Meanwhile, Ottawa continues to search for new markets for Canadian canola.


Source: CBC News May 01, 2019 00:56 UTC



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