FCC accused of overstepping its mandate

A new report by a leading public policy think-tank accuses Farm Credit Canada and other federal financial Crown corporations of “mission creep” by offering services far beyond their original mandates. The report by the C.D. Howe Institute recommends their authority “should be clearly circumscribed and even rolled back” so private lenders can do more to



Canadian dollar flirts with U.S. parity

The Canadian dollar has reached parity with its U.S. counterpart because of the Bank of Canada’s commitment to a tightening bias. Despite struggling economies in the U.S. and the euro zone, the Canadian dollar will likely hover around the parity mark for the remainder of the year, according to one analyst. “The Bank of Canada



Canadian exporters stymied by high costs

Canadian exporters are stymied by higher costs, including government fees, than their competitors and as a result Canada is only doing OK as an exporter, says Rob Bryson, vice-president of Parrish & Heimbecker. Despite buoyant commodity markets, the world is walking on the edge of another bout of bad economic times, he warned the annual

Water for the future

A new report on future water demand in Pembina Valley Conservation District — already a frugal user of water — points to need for conservation strategy

Report underscores need to conserve now Residents in the Pembina Valley Conservation District use less water than the average Manitoban, but that won’t spare them from a water shortage expected to hit within the next 25 years — unless ways are found now to use even less. Those are conclusions drawn from a three-year water


Farm community rallies around one of its own

Manitoba’s rural community is rallying around a Ste. Rose farm family who lost their home to a fire April 28 while they were in Winnipeg receiving leukemia treatments for their critically ill toddler. Friends say Rob and Erin Brunel have been overwhelmed by outpouring of support. Brunel is well known for his activities in farm

Loonie expected to remain slightly below parity

Commodity News Service Canada / The loonie will likely remain slightly below parity with the U.S. greenback as continued global economic uncertainty will weigh on the Canadian currency, predicts currency analyst Greg Moore. The FX Strategist with TD Securities in Toronto expects the Canadian dollar to trade around 97 cents in the second quarter and around


Farmers have a positive outlook, for good reason

A recent survey by Farm Credit Canada found 80 per cent of farmers feel positive about the future and Agriculture Canada’s latest income forecasts will add to the rosy outlook. Net farm cash income for 2011 was $11.7 billion, Agriculture Canada said in a report. Factoring in depreciation cuts that number in half, but it

Seaway set to open but seasonal outlook uncertain

After posting modest growth in 2011 despite a shaky North American economy, the St. Lawrence Seaway opens March 22 amidst upbeat predictions. However, everyone tempers their forecasts with a caution about the prospect for Canadian and American grain exports. While there’s plenty of grain in North America, there’s also more grain supplies around the world.