Canadian canola industry could take $1B hit: report
Toronto Star|September 06, 2024
Chinese response a counter to tariffs on aluminum, EVs
AMANDA STEPHENSON
Canadian canola industry could take $1B hit: report

CALGARY Canada’s canola industry could take a $1-billion hit in the wake of Chinese trade actions, according to a new report from an international credit rating agency.

The report from Morningstar DBRS estimates the potential losses Canada could incur if China’s recently announced plan to launch an anti-dumping investigation into canola seed imports from Canada results in China levying tariffs on the crop.

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