Saputo Inc. of Montreal has ranked 10th of the world’s largest dairy companies as measured by Rabobank’s research division.
Saputo’s sales were $12.8 billion US last year.
The largest companies are Lactalis at $30.21 billion, Nestle at $24.1 and Dairy Farmers of America at $21.7 billion US, all measured in U.S. dollars.
An appeals court in Washington has ruled that all of the tariffs United States President Donald Trump imposed because he declared a national emergency are illegal.
But Trump immediately said he will file an appeal to the Supreme Court where a majority of the justices have made rulings in favour of Trump.
The tariffs on Canadian steel and aluminum are not included in the appeal court decision because they were imposed under the Trade Expansion Act.
The 7-4 decision by the U.S. Court of Appeals for the Federal Circuit will not take effect until October.
Richardson International Ltd. is buying three pasta-making plants in the United States from Food and Provisions Inc.
The three are in North Dakota, Minnesota and Virginia.
Richardson president and chief executive officer Darwin Sobkow said “it will allow the company to further integrate a core strength of the business: durum wheat.”
Hartley Richardson’s son Thor was appointed president in early August, setting up the eighth-generation family member as the likeliest successor when his father, who had held the post since 1993, retires.
It sold some of its products in Canada and the United States.
“Vegan Finest Foods no longer exists, but our values and our vision will never be lost,” founder Rosella D'Angeli wrote on social media.
“I believe that knowledge and experience are meant to be shared. I look forward to using this for new challenges.”
Two of its most popular products are seafood competitor Vegan Zeastar and meat competitor Beastie Plants.
It said moving that business to the United States will improve its supply chain.
Its whiskey will continue to be made in Canada, it said, and it will retain bottling plants at Gimli, Man., and Quebec.
The union representing about 200 workers and the local Chamber of Commerce called the news “devastating”.
Two of the largest farm equipment manufacturers – Deere and Co. and CNH Industrial – took a hit on sales and profits during their most recent quarters, but both did better than stock market analysts predicted.
“Tariff uncertainty and deflated commodity prices have made farmers increasingly cautious in spending decisions and more hesitant to accept higher machinery prices,” said research analyst Jonathan Sakraida.
Despite the gloomy demand environment, Deere CEO John May said the company was able to manage its inventory levels to help production match retail demand.
Deere’s net income in the third quarter came in at $1.29 billion ($1.78 billion Cdn), compared with $1.73 billion last year.
The company’s net sales fell about nine per cent to $10.36 billion ($14.29 billion) Cdn from a year ago, more than analysts’ estimates of $10.31 billion.
CNH reported net income of $217 million and compared with $404 last year and sales declined by 14 per cent to $4.7 billion.
Ventor Inc. is proposing to build 40 wind turbines near Strathroy and said the venture will probably contribute $1 million a year to municipal coffers.
Residents of Brooke-Alvinston have been invited to the Brooke-Alvinston-Inwood Community Complex to have their say about the Strathroy Wind Development project.
have their say on Thursday on the proposed Strathroy Wind Development project.
Premier Doug Ford cancelled 750 projects after winning election, but last August reversed course and said the province wants to more than double its purchase of electricity from renewable energy projects.
But unlike the previous Liberal government, he is giving municipalities a say on proposals.
Venfor Inc., controlled by Peter Budd, wants to build up to 40 turbines, split between the municipality and neighbouring Adelaide Metcalfe and said that would add about 30 megawatts to the grid. He said on peak summer days, Ontario is short of 2,000 to 3,000 megawatts and imports from the United States.
He said it will likely take until 2027 to jump through administrative and planning hoops and then another three years to complete construction.