Weak Farm Supply Sales A Drag Wholesale Stats – for Jul. 29, 2010

The value of Canadian wholesale trade unexpectedly slipped 0.1 per cent to $44.1 billion in May from the month before, due to a steep drop in sales of farm supplies, Statistics Canada said July 21. Market analysts had predicted a 0.5 per cent rise in May. StatsCan revised April’s decline to 0.2 per cent from

Canadian Dollar Weakens

The Canadian dollar is unlikely to make another move towards parity with its U. S. counterpart anytime soon, and will more likely see some weakness heading through the summer, according to a currency analyst. “We remain, both from a fundamental and from a technical perspective, bearish on the Canadian dollar going forward,” said Matthew Strauss,


Lower Supplies, Steady Demand Spur Price Optimism

The decline in the level of cattle being marketed at the auction yards in Manitoba continued during the week ended June 4. Prices for the cattle remained steady to firm amid steady demand. Discounts for poor choice animals continued to be significant. “The firmness in price for the various classes of cattle continued to reflect

Steady Demand Supports Prices

Marketi ngs of cattle at the auction yards in Manitoba during the week ended April 23 were again fairly strong, with the numbers dependent on the region of the province. Price levels for most classes of cattle held steady if not a bit stronger. However, there continued to be large discounts for poor-quality and fleshy


More Strength In Store For Canadian Dollar

The Canadian dollar moved back above parity with its U. S. counterpart on April 20, and appears poised to see further strength, according to a currency analyst. After hitting parity earlier in the month, retreating, and then bouncing back to parity with the U. S. dollar following comments from the Bank of Canada, the Canadian

“Renewed Optimism” Boosts Demand For Grass Cattle

Mov e -ment o f cattle to the auction yards in Manitoba declined during the week ended April 1. The closure of a number of auction yards because of the Good Friday and Easter holiday long weekend was tied to the lower marketings. Values for the cattle held steady, with strong demand for grass cattle


Hog Loan Applications Lagging

Afederally backed loan program to help Canada’s hog producers recover from a severe financial crisis is receiving less response than expected. According to Farm Credit Canada, lending institutions have so far approved 73 loans for $269 million, with a federal reserve fund covering $159 million of that. FCC is the biggest single lender, approving 43

Cheap Loans Buoy Canada Farmers In Recession

Canadian farmers have survived a year of recession with the ratio of debt to equity little changed and optimism still in place, said a key official with Canada’s top farm-lending institution. Cheap access to credit in Canada, in contrast to that in the United States, has been the key to the relatively buoyant agriculture economy,