Canada’s $27B canola market could lose $2.7B over China’s import block

China’s decision to block imports of Canadian canola products signals a significant threat to Canada’s canola farming industry — and has the government rushing to resolve the dispute. The canola farming and export business in Canada is a major economic driver and represents one of the country’s most valuable commodities. The crop contributes approximately $26.7 billion to the economy every year and employs more than 250,000 people, according to Brian Innes, vice-president of public affairs with the Canola Council of Canada.