A Manitoba dairy farmer calls the United States-Mexico-Canada Agreement extremely disappointing and believes it will be devastating to his industry. "We're extremely disappointed with what we understand has been agreed to, with the almost 3.6 per cent access — dairy market access — being given to the U.S., as well as eliminating some of our competitive dairy class, so that will obviously have a majorly negative impact on our industry." While Americans get more access to the Canadian market, the USMCA decreases Canada's access to the U.S. market, Wiens said. Wally Smith, executive vice-president of Bothwell Cheese, said while the exact impacts on the Canadian dairy market are still being studied, it could lead to some financial repercussions. Some grocery stores in Canada may accept losing money on dairy products, while increasing prices on other goods, he said.

Source: CBC News October 01, 2018 15:11 UTC