Macroeconomic forces are set to weigh in on grain markets.
Tag Archives Bank of Canada
Outside influences on the grain market
Macroeconomic forces such as interest rates and the Canadian dollar are set to weigh in
Bank of Canada interest rate cut to give some borrowers relief
Effects on financial markets likely to be muted says FCC economist
The Bank of Canada trimmed its key policy rate on Wednesday to 4.75 per cent from a 23-year high of five per cent.
Inflation is now running at 2.7 per cent, above the central bank's two per cent target, but down from a high of 8.1 per cent in June 2022, Reuters reported.
ICE Canada weekly: Interest rate cuts to have positive or negative effect on canola
With the growing likelihood of an interest rate cut by the Bank of Canada, spillover from the move could prove to be beneficial for canola prices, according to Calgary-based Errol Anderson of Errol’s Commodity Wire.
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 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.
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
Cyber-Savvy Farmer
