Tough year for Canada's food processors Thursday, September 20, 2012 by SUSAN MANNThe food manufacturing industry is struggling through a tough year, according to the Conference Board of Canada.In its report, Canadian Industrial Outlook: Canada’s Food Manufacturing Industry, Summer 2012, released Thursday, the board says the slow recovery in the United States – Canada’s key export market – coupled with a significant run-up in commodity prices and a slowing Canadian job market have slowed the industry’s growth.The industry’s gross domestic product is forecast to increase by only 0.5 per cent this year. Industry profits will rise slightly this year to $4.7 billion from $4.6 billion in 2011. Gross domestic product growth should improve in 2013, the board says.Michael Burt, Conference board director industrial economic trends, says in a news release that food manufacturers are being squeezed by both costs and prices. “Input costs are rising due to a run-up in commodity prices and demands from retailers and consumers are limiting the ability of manufacturers to increase their own prices. The result is pressure on the industry’s profit margin.” BF Virus 'rarely spreads from animals to humans' says Ontario's chief medical officer of health Seasonal agricultural workers treated well says program spokesman
RaboResearch says tariffs are disrupting global pork trade Saturday, May 24, 2025 According to a recent report from Rabobank, pork prices have rebounded and remain strong despite shifting trade flows and growing economic and consumer uncertainties. Rabobank is a Dutch multinational banking and financial services company specializing in the global food and agricultural... Read this article online
Livestock Research Innovation Corporation welcomes new board members Friday, May 23, 2025 Two new board directors have joined the leadership of Livestock Research Innovation Corporation (LRIC). Mohamad Yaghi with Farm Credit Canada (FCC) and Sonya Fiorini from Burnbrae Farms both fill appointed director positions on the LRIC board. Yaghi replaces Franco Naccarato from Meat and... Read this article online
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