Montreal, October 3, 2018 - As Quebec's leading financial institution and a key partner of agri-food businesses in Quebec, Desjardins Group supports dairy and poultry producers and processors.
The new United States-Mexico-Canada Agreement is reassuring for most of our members and clients because it reduces economic uncertainty. However, agricultural sectors under the supply management system (the dairy and poultry industries) are facing new concessions. In addition, steel and aluminum tariffs are still in place, meaning the pressure that has existed since July has not been alleviated.
"It goes without saying that we'll be watching upcoming developments closely in the wake of the new United States-Mexico-Canada Agreement, which will replace NAFTA. We don't know yet what type of measures the Canadian government will take to support the farmers affected by these changes. But one thing is certain: Desjardins Group will continue to use its financial strength and talented workforce to support dairy producers and processors. We'll work with them to find effective solutions to the challenges that emerge in the coming years," says Guy Cormier, President and CEO of Desjardins Group.