Bank of Canada Archives - Page 4 of 9

Editor’s Take: Going up

By Gord Gilmour July 21, 2022

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

News, Other

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

By Julie Gordon November 16, 2021

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

Photo: daoleduc/iStock/Getty Images Plus

Markets, Other

Canada economy seen weaker than expected as supply chain woes weigh

By David Ljunggren, GFM Network News, Julie Gordon October 29, 2021

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

News, Other

Cash advance interest rates expected to go lower yet

By Allan Dawson April 2, 2020

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.

Markets, News

Fear is the price killer in commodity markets

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

By Glen Hallick - MarketsFarm March 12, 2020

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

Markets

Ag seen gaining on slightly weaker loonie in 2019

By Ashley Robinson - MarketsFarm, GFM Network News January 11, 2019

CNS Canada — Farm Credit Canada (FCC) predicts the Canadian dollar will spend the year around the 75-U.S. cent mark — slightly softer than last year’s average of 76. “We’re going to see volatility throughout the year obviously but when we look at that season, or the full year average, we’re looking for it to

News

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

By Lorraine Stevenson December 13, 2018

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

Crops, Markets

Trade certainty doesn’t translate to higher loonie

By Ashley Robinson - MarketsFarm, GFM Network News October 12, 2018

CNS Canada — Even with more certainty around trade with the U.S., Canadians shouldn’t expect to see the dollar flying in value. “It’s hard for me to see the Canadian dollar gain value against the U.S. dollar in the short term, unless the Bank of Canada totally revises its stance towards interest rates,” said J.P.

Opinion, Other

Opinion: Not all interest rate increases are equal

By Amy Carduner October 10, 2018

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 –

News

Rising consumer demand benefits dairy farmers

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

By Alex Binkley August 7, 2018

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,

Daily Network News

Canola industry pumped about 45Z clean fuel ruling in U.S.

U.S. grains: Chicago corn, soy prices recover on updated biofuel guidance

U.S. livestock: Cattle futures higher on tightening cattle supply

Tag Archives Bank of Canada