Overview

• Prime Minister Mark Carney announced a $370 million biofuel production incentive the government says will address immediate competitiveness challenges facing canola producers.
• Ottawa will amend its Clean Fuel Regulations to support the biofuels sector, with officials outlining plans to consult on measures that prioritize Canadian feedstock.
• The package temporarily raises the ceiling on interest-free cash advances to farmers and increases funding to help the industry diversify into new export markets.
• China imposed a provisional 75.8% anti-dumping duty on Canadian canola seed last month, a move widely viewed as retaliation for Canada’s 100% tariff on Chinese electric vehicles.
• Nova Scotia MP Kody Blois and Saskatchewan Premier Scott Moe begin a three-day mission to engage Chinese officials, as Canada seeks to restore market access for a crop that generated about $14.5 billion in exports last year, including $4.9 billion to China.