GFM Network News


Cash advance interest rates expected to go lower yet

Cash advance interest rates could soon fall again. March 27 the Bank of Canada cut its lending rate, which affects what commercial lenders charge, by 0.05 per cent to 0.25. At press time lenders had not lowered their rates, but were expected to. If CIBC cuts its prime rate to 2.45 per cent from the

Empty shelves out of stock of pasta are pictured in a supermarket in London, England, March 6, 2020.

Fear is the price killer in commodity markets

COVID-19 | Cuts in key interest rates helped slow the declines in futures

There’s no doubt that the COVID-19 coronavirus is having a tremendous effect on commodity markets. Although Canada and the United States have a mere fraction of the reported cases and deaths, fears toward COVID-19 have generated sharp losses in North American markets. There was something of a reprieve this week as the U.S. Federal Reserve



Beef demand per capita is slowing.

2019 Canada Food Price Report: Meat prices to decline

This is the first time since its inception that the report is forecasting lower prices for meat tied to rising consumer interest in switching over to more plant-based protein in their diets

Canadian households are going to pay more for food next year, but for the agriculture industry the telling point is what they’ll be spending their money on. Canadian households can expect to see a 3.5 per cent increase to their overall food bill next year — spending about $411 more — according to Canada’s Food



Opinion: Not all interest rate increases are equal

Rising interest rates are disruptive. They can hit cash flow budgets and create the need to adjust the level and mix of short- and long-term liabilities. Or they can shift the demand for farmland, which can impact farm asset values. The bottom line is that interest rates – and changes to those interest rates –

An upcoming increase in the butter support price will lift the milk price paid to dairy producers.

Rising consumer demand benefits dairy farmers

The growing market pull comes in the wake of lower prices and the face of trade uncertainty

The first half of 2018 has brought positive signs for dairy farmers but it’s hard to predict what the rest of the year will bring, says Farm Credit Canada. Butterfat production increased six per cent year over year to the end of April, bringing higher total revenues to producers even with a lower milk price,




Don’t expect big moves from the loonie in 2018, analysts say.

Loonie to stay range bound in 2018

Higher oil prices and an expected interest rate rise are keeping the Canuck buck aloft

Following the Canadian dollar’s recent rally it should stay range bound, according to financial analysts. “It’s a little bit of an exciting story for the loonie. We’re just kind of seeing it range bound but that’s sort of what the fundamentals are telling us,” said Brian DePratto, senior economist with TD Economics. Over the course