Bank of Canada Archives - Page 5 of 9

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

News, Other

Strong loonie not major threat: FCC economist

Canada still competitive with an 80-cent dollar

By Manitoba Co-operator Staff August 23, 2017

The Canadian dollar’s flirtations with the 80 U.S. cent mark is not likely to undermine agriculture’s potential for the rest of the year, said the principal agricultural economist at Farm Credit Canada. When FCC issued economic outlooks for agriculture back in January, it said the low dollar relative to the U.S. currency had been a

Terry Betker, CEO and president of Backswath Management Inc., advises farmers on managing interest rate risk.

Features, News

Looking for a loan? Add in interest rate risk when deciding to borrow

With Canada enjoying some of the lowest borrowing costs on record, it might be time to consider that expansion, but how do you avoid the landmines if interest rate shifts appear on the horizon?

By Alexis Stockford June 13, 2017

Working on your farm management skills is like exercising… it pays big benefits, but it’s easy to push it off for another day. Only one-third of producers use business advisers or risk management tools, and fewer still do HR, succession, or strategic planning. To help make your farm more profitable (and your life more enjoyable),

News

Low interest rates a risk too

Pay attention to the financial obligations you’re assuming, says FCC’s head economist

By Alex Binkley October 27, 2016

Make good use of low interest rates, but don’t get carried away. That’s the message from Farm Credit Canada’s chief economist, J.P. Gervais, in the wake of announcement from the Bank of Canada that the key overnight interest rate would be left at 0.5 per cent. Bank of Canada Governor Stephen Poloz also said Canada

Livestock, Markets

Currency analysts watch for interest rate decision

By GFM Network News, Jade Markus January 19, 2016

CNS Canada — The likelihood of the Bank of Canada cutting interest rates on Wednesday is already priced into the loonie, according to one analyst — but if the bank instead decides to hold rates steady, the beleaguered currency could move higher. The Canadian dollar was trading around US69 cents (US$1=C$1.45) near midday Tuesday, which

Crops, Markets

Cheaper crude clouds Canada’s economic fortunes

By GFM Network News, Lisa Guenther March 11, 2015

While dropping oil prices have boosted the U.S. economy, how the price slump will affect the outlook north of the border remains a question mark from where Canada’s largest lender sits. “In Canada, it’s a little bit less clear-cut. And the reason is our energy sector is much larger as a share of the overall

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

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