Bank of Canada Archives - Page 4 of 8

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,

Markets

Consider hedging against rate hikes, farmers advised

By GFM Network News, Terry Fries July 11, 2018

CNS Canada — The Bank of Canada has raised its benchmark interest rate to 1.5 per cent, marking the fourth time it has raised rates since last summer. The increase from 1.25 per cent is the base rate retail banks pay for short-term loans, but consumer rates for mortgages, lines of credit and other loans

Markets, Weather

Farmland values rise, but interest rates curb market

By Ashley Robinson - MarketsFarm, GFM Network News April 23, 2018

CNS Canada — Prices of Canadian farmland were seen rising in 2017, with most sales happening in the first half of 2017 before interest rate increases and the drought in Western Canada hit. That’s according to the annual Farmland Values Report released Monday by Farm Credit Canada (FCC), based on 90 per cent of farmland

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

Currency markets, News, Other

Loonie to stay range bound in 2018

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

By Ashley Robinson - MarketsFarm January 16, 2018

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

Currency markets, Markets, News, Other

Loonie set to weaken heading into new year

Many factors appear set to weigh in against our dollar in the coming days

By Phil Franz-Warkentin December 15, 2017

The Canadian dollar has seen some wide moves over the past week, but appears to be trending lower relative to its U.S. counterpart heading into 2018, according to a currency analyst. “We see (the Canadian dollar) weaker for the first quarter of this year,” said currency strategist Mark Chandler, of RBC Dominion Securities, pointing to

Grain Markets, Markets

U.S. biofuel trade fight benefits canola futures

ICE Futures Canada pulls the plug on barley and wheat

By Phil Franz-Warkentin November 2, 2017

ICE Futures Canada canola contracts climbed to their highest levels in more than two months during the week ended Oct. 27, as declines in the Canadian dollar and gains in U.S. soyoil provided double the support. The currency was the biggest driver, falling below 78 U.S. cents for the first time since July. The drop

Daily Network News

U.S. livestock: Cattle fall back, hogs continue slide

U.S. grains: Soybeans retreat after rally, wheat holds at three-month high

Klassen: Feeder market drops sharply

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