Advertisement
Canada markets open in 8 hours 14 minutes
  • S&P/TSX

    22,265.05
    -108.35 (-0.48%)
     
  • S&P 500

    5,306.04
    +1.32 (+0.02%)
     
  • DOW

    38,852.86
    -216.74 (-0.55%)
     
  • CAD/USD

    0.7320
    -0.0010 (-0.13%)
     
  • CRUDE OIL

    80.12
    +0.29 (+0.36%)
     
  • Bitcoin CAD

    93,675.52
    +996.21 (+1.07%)
     
  • CMC Crypto 200

    1,453.84
    -42.62 (-2.85%)
     
  • GOLD FUTURES

    2,358.80
    +2.30 (+0.10%)
     
  • RUSSELL 2000

    2,066.85
    -2.82 (-0.14%)
     
  • 10-Yr Bond

    4.5420
    +0.0750 (+1.68%)
     
  • NASDAQ futures

    18,899.75
    -40.75 (-0.22%)
     
  • VOLATILITY

    12.92
    +0.56 (+4.53%)
     
  • FTSE

    8,254.18
    -63.41 (-0.76%)
     
  • NIKKEI 225

    38,644.23
    -211.14 (-0.54%)
     
  • CAD/EUR

    0.6744
    -0.0003 (-0.04%)
     

Canadian competition bureau has major concerns about proposed Bunge-Viterra merger

OTTAWA, April 23 (Reuters) - Canada's Competition Bureau on Tuesday said it had identified major competition concerns around the proposed merger between U.S. grains merchant Bunge and Glencore-backed Viterra.

In a statement, the bureau said the deal was "likely to result in substantial anti-competitive effects and a significant loss of rivalry between Viterra and Bunge in agricultural markets in Canada".

The report was sent to Canada's transport ministry, which has until June 2 this year to review the deal. (Reporting by David Ljunggren)