Widow looking for answers after Quebec man dies in Texas Ironman competition
The widow of a Quebec man who died competing in an Ironman competition is looking for answers.
Canada's two largest railways may run out of grain to move and face revenue challenges in the coming year as the domestic grain crop is expected to decrease 37 per cent due to drought conditions across the Prairies despite a slight improvement in August.
Statistics Canada said Friday that 3.07 million tonnes of grain was delivered in August. That's up 4.5 per cent from July's four-year low but deliveries were 31 per cent below the level in August 2020.
Wheat, Canada's largest grain crop, was four per cent higher in August than July but down 25.6 per cent in the year.
Oats, barley, rye, flaxseed and canola had varying performances. Canola and flaxseed were down sharply in both periods, barley deliveries were strong while rye and oats were mixed.
The bleak crop forecast for the coming year will be particularly difficult for Canadian Pacific Railway Ltd. because 24 per cent of its total freight revenues in 2020 came from grain, its largest segment, compared with just 15 per cent for CN, Cameron Doerksen of National Bank Financial wrote in a report.
Canadian grain accounted for 72 per cent of all grain revenues last year for both railways with U.S. grain accounting for the rest.
Doerksen said the net result will be a revenue headwind of about six per cent over the next 12 months for CP and about four per cent for Canadian National Railway Co.
Agriculture and Agri-Food Canada (AAFC) and Statistics Canada estimate that the total production of major grain crops will fall to 49.3 million tonnes in 2021-2022, from last year's record of 78.5 million tonnes.
Wheat is projected to be down 38.3 per cent to 21.7 million tonnes because of a 32.6 per cent reduction in yields and an 8.5 per cent less harvested area.
Canola is expected to be down 34.4 per cent to 12.8 million tonnes, the lowest level since 2010.
Barley should fall 33.5 per cent to 7.1 million tonnes as a higher anticipated harvested area is not expected to offset a 38 per cent drop in yields.
Although smaller, crops of oats and peas will be even harder hit, falling 43.6 and 45 per cent, respectively.
Such low production levels haven't been seen in more than a decade and grain exports will fall 41 per cent, the lowest total since 2006-2007.
The federal government said 99 per cent of all agricultural land in Alberta, Saskatchewan and Manitoba, which account for the overwhelming majority of production for wheat, canola, oats and barley, were under drought conditions.
CN's rail network is concentrated in northern regions of the Prairies where growing conditions were slightly better, while CP is more exposed to southern regions.
While drought also affected U.S. grain-growing, the U.S. Department of Agriculture projects near-record production of corn and soybeans, the two most important U.S. crops for CN and CP, due to more planted acres.
Corn and soybean production is expected to approach record levels. Corn output is forecast to grow four per cent to 14.7 billion bushels while soybeans should be up 4.9 per cent to 4.34 billion bushels.
In Canada, increased output in Ontario and Quebec will boost corn production 5.9 per cent to 14.4 million tonnes while soybean product is projected to decrease 7.4 per cent to 5.9 million tones.
CN is more exposed to grain in Illinois while CP has more exposure in the Dakotas, Minnesota and Iowa -- areas that are expected to see a decrease in grain production.
"As such, CN looks to be better-positioned for U.S. grain than CP this year," Doerksen said.
He added that U.S. grain volumes may be more tied to pricing and exports than production because there is significantly more storage in the U.S. than in Canada.
CN and CP acknowledged the challenge from drought, warning investors last month that they are unlikely to repeat the record grain shipments they posted in 2020 when they each moved about 31 million tonnes.
This report by The Canadian Press was first published Sept. 24, 2021.
The widow of a Quebec man who died competing in an Ironman competition is looking for answers.
Facing pushback from physicians and businesspeople over the coming increase to the capital gains inclusion rate, Prime Minister Justin Trudeau and his deputy Chrystia Freeland are standing by their plan to target Canada's highest earners.
Former NDP leader Tom Mulcair says that what's happening now in a trash-littered federal park in Quebec is a perfect metaphor for how the Trudeau government runs things.
As some family doctors are retiring and others are moving away from family medicine, there are fewer medical students to take their place.
A Winnipeg man said a single date gone wrong led to years of criminal harassment, false arrests, stress and depression.
United States authorities who have been searching for a pair of missing kayakers from British Columbia since the weekend have recovered two bodies in the nearby San Juan Islands of Washington state.
Individuals being barred from entering Ontario’s legislature while wearing a keffiyeh say the garment is part of their cultural identity— and the only ones making it political are the politicians banning it.
The proposed merger of agricultural giants Viterra and Bunge is raising competition concerns from the federal government.
A Douglas C-54 Skymaster airplane crashed into the Tanana River near Fairbanks on Tuesday, Alaska State Troopers said.
The giant stone statues guarding the Lions Gate Bridge have been dressed in custom Vancouver Canucks jerseys as the NHL playoffs get underway.
A local Oilers fan is hoping to see his team cut through the postseason, so he can cut his hair.
A family from Laval, Que. is looking for answers... and their father's body. He died on vacation in Cuba and authorities sent someone else's body back to Canada.
A former educational assistant is calling attention to the rising violence in Alberta's classrooms.
The federal government says its plan to increase taxes on capital gains is aimed at wealthy Canadians to achieve “tax fairness.”
At 6'8" and 350 pounds, there is nothing typical about UBC offensive lineman Giovanni Manu, who was born in Tonga and went to high school in Pitt Meadows.
Kevin the cat has been reunited with his family after enduring a harrowing three-day ordeal while lost at Toronto Pearson International Airport earlier this week.
Molly Knight, a Grade 4 student in Nova Scotia, noticed her school library did not have many books on female athletes, so she started her own book drive in hopes of changing that.
Almost 7,000 bars of pure gold were stolen from Pearson International Airport exactly one year ago during an elaborate heist, but so far only a tiny fraction of that stolen loot has been found.