FCC's top economist is urging farmers to find any way they can to save money, as the ag lender projects a 4.8 per cent decline in farm cash receipts in 2024 on the heels of lower commodity prices.
Tag Archives Bank of Canada
FCC predicts drop in farm cash receipts for 2024
Interest rates, inputs costs may come down but farmers urged to sharpen their pencils
FCC’s top economic charts to monitor in 2024
Downward trends for cattle, swine herds; positive bent to feed, fertilizer affordability
As we start the new year amid elevated inflation and major headwinds facing the economy, here are our top charts to help make sense of the economic environment for farm operations, agribusinesses and food processors.
Canada’s jobs growth stalls in December as wages accelerate
Declines in goods sector driven by job losses in manufacturing, construction and agriculture
Canada's economy added far fewer jobs than expected in December and the jobless rate remained at 5.8 per cent, but permanent employees' wages increased at the fastest pace in three years, data showed on Friday.
Editor’s Take: Booms and busts
I’m just old enough to remember the farm bust of the 1980s. I was a teenager at the time, and like all good parents would, my folks tried to shield me from the worst of their worries and woes. But I grew up on a grain farm, and in that era, troubles were unavoidable all
Comment: Are interest rates the right tool?
The Bank of Canada’s ‘resolute’ fight against inflation could threaten its credibility
The Bank of Canada “resolutely” declared it will fight inflation by raising interest rates. To demonstrate its unwavering commitment to reach its two per cent inflation target, the eighth consecutive interest rate hike on Jan. 25 brings the policy rate to 4.5 per cent. The bank’s logic is this: when demand outpaces what the economy
Smaller interest rate hike signals ‘the end of the front loading’
Slowing pace suggests future hikes could be more moderate, observers say
There could be a bright side to the latest Bank of Canada rate hike, says Farm Credit Canada economist J.P. Gervais. The Bank of Canada announced a 50 basis point increase in its key rate on Oct. 26, to 3.75 per cent. That followed a 75 basis point increase in September and a 100 point
Understanding risk exposure key to managing rising interest rates
The Bank of Canada is still signalling that more rate hikes are coming
Farmers need to thoroughly understand their risk exposure as they view the Bank of Canada’s latest interest rate hike, says Farm Credit Canada (FCC) economist J.P. Gervais. The Bank of Canada on Sept. 7 announced a 75-basis-point increase in its key rate, bringing it to 3.25 per cent. It followed a 100-basis-point increase in July and was the
Editor’s Take: Going up
The Bank of Canada removed any lingering doubts last week about its commitment to fighting inflation. It delivered a jumbo rate hike of 100 basis points — or a full per cent — while facing an annualized inflation rate of more than seven per cent, according to the most recent figures from Statistics Canada. South
Bank of Canada plans new tools to assess climate impact on economy
Increases in the frequency and severity of extreme weather events seen in coming years
Reuters – The Bank of Canada will develop new models and data sources to better understand how climate change is impacting Canada’s economy, and will include these findings in its quarterly forecasts to help markets price risks. The central bank, in a release tied to the UN’s COP26 global climate summit, said it will assess
Canada economy seen weaker than expected as supply chain woes weigh
Ottawa | Reuters – The Canadian economy most likely underperformed expectations in the third quarter amid ongoing supply chain woes and a brutal drought, official data suggested on Friday, prompting analysts to forecast the Bank of Canada could move slower on rate hikes. The economy expanded by 0.4 percent in August, missing estimates, and looked
Cyber-Savvy Farmer
