Canadian farmers stand to lose profits as Chinese tariffs take effect

News Snapshot:

Pumpjacks draw out oil and gas from well heads surrounded by Canola fields near Cremona, Alta., Monday, July 15, 2024. THE CANADIAN PRESS/Jeff McIntosh Saskatchewan producers are frustrated as they watch the price of their hard work drop due to a two-front trade war. China’s 100 per cent tariffs on certain Canadian canola products are officially in place, just weeks before farmers begin planting their crops. As a result of the uncertainty, the price of canola has been dropping. It is now down about $2 a bushel. Clinton Monchuk is a fourth-generation farmer. His family has farmed land near Lanigan,...