Diamond Estates Wines & Spirits Inc. ("the Company") (DWS) is pleased to announce that as of 5:00 p.m. today it has completed the sale and leaseback of its De Sousa Estates Winery in Beamsville, Ontario to Oakwest Corporation Limited
Taking advantage of a new supply of seasonal wines, the Wineries of Niagara-on-the-Lake this weekend will be starting a month-long special promotional event during what is traditionally a slower time of the year for tourism.
On Nov. 8, Penticton will be celebrating Wine Tourism Day with the first-ever Canadian Wine Tourism Summit, joining in a worldwide series of events and promotions to encourage travel to the world's wine regions.
Demand for wine among China's growing and more sophisticated middle class is booming. The country has quickly become the world's leading market for red wine, according to London-based International Wine and Spirit Research
British Columbia's wine industry grew slowly in terms of vineyard plantings during the past three years, yet the modest 4 percent increase since 2011 is actually good news, according to the BC Wine Institute.
After years of major growth in vineyard acreage throughout the province, this survey's statistics have relatively stabilized, indicating that wineries and vineyard owners have made the decision to devote their resources to increasing the quality of wine they are producing, rather than simply expanding their vineyard acreage to cover more land.
The Wine Council of Ontario announced that Richard Linley will be taking over the helm as President of the non-profit trade association. Richard previously served as Senior Director, Government Affairs at the Canadian Beverage Association (CBA) where he had national responsibility for the development and execution of government relations strategies in the areas of legislative and regulatory affairs.
On Monday, a WTO compliance panel ruled that the United States' revised country of origin labelling (COOL) policy for beef and pork "violates" the technical barriers to trade, or TBT, agreement "because it accords imported Canadian livestock treatment less favourable than that accorded to like domestic livestock."
This offering, which is anticipated to close on Nov 3, 2014, comprises two sets of notes. The first set worth $400 million, due 2019, carries an interest rate of 3.875%, while the remaining $400 million notes, due 2024, bear a charge of 4.750%.
Canadian wineries plan to spend more effort exploring foreign markets, including Taiwan, in a move to promote Canada's high-quality grape wines and ice wines globally, Canada's representative to Taiwan said Sunday
The three-member board of the B.C. Wine Authority (BCWA) last week asked the province's agriculture minister to formally approve and establish the Golden Mile Bench Designated Viticultural Area (DVA), the first subappellation within the larger Okanagan Valley DVA.
Canada is looking at slapping duties on iconic U.S. products ranging from California wine to ketchup after the World Trade Organization found the country's meat labelling laws offside for a second time in two years. A WTO appeal panel ruled that a U.S. law that requires grocery stores to list the country of origin on meat products discriminates against Canadian and Mexican livestock. The decision was made public Monday.