Canada's retail sales shrank by 1.1 per cent in May as consumers curtailed car purchases and spent less at supermarkets, convenience stores and on alcohol, data showed on Thursday.
Tag Archives Economy
Canada’s retail sales shrink as tariffs bite, June expected to improve
Food and beverage saw declines, led declines in beer, wine and liquor sales and declining convenience store transations
Canada’s annual inflation rate in June up slightly to 1.9 per cent
Rise in prices led by durable goods, clothing, footwear
Canada's annual inflation rate rose to 1.9 per cent in June, meeting analysts' expectations, as increases in the price of automobiles, clothing and footwear pushed the index higher, data showed on Tuesday.
Manitoba Ag Days: Loonie above 70 cents? Not anytime soon, says Farm Credit Canada
The dollar may be in the stratosphere, but few experts are predicting that it will weaken anytime soon. That includes economists with FCC.
FCC’s top economic charts to monitor in 2024
Downward trends for cattle, swine herds; positive bent to feed, fertilizer affordability
As we start the new year amid elevated inflation and major headwinds facing the economy, here are our top charts to help make sense of the economic environment for farm operations, agribusinesses and food processors.
Report aims to show animal agriculture’s interconnections
CAPI hopes to broaden policymakers' perspective
A new report for the Canadian Agri-Food Policy Institute seeks to educate policymakers about the impact of animal agriculture on economic, social and environmental levels. The report, titled Forces Impacting Animal Agriculture In Canada: A Synthesis, delves into the issues surrounding cattle, dairy and poultry production in the country and how it is interconnected within
Opinion: The pileups start to pile up
U.S grain marketing is looking as messy as its politics
It’s looking like today’s political and grain market pileups will be bigger and messier than first thought. Here’s how New York Republican Representative Mike Lawler described his colleagues’ never-to-pass federal budget demands to CNN Sept. 19: “This is not conservative republicanism. This is stupidity.” There’s little wonder that Congress has spent most of 2023 shooting
Opinion: Decoding Canada’s food inflation maze
Despite what it feels like, Canada’s story is one of agricultural and food system resilience
July’s food inflation data offers insights into the complex interplay of factors shaping our grocery bills. While some Canadians may be hesitant to acknowledge it, there is a gradual improvement taking place. The decrease in our food inflation rate from 8.3 per cent to 7.8 per cent, along with the narrowing gap between food inflation
Comment: Agriculture: our rich uncle
Agriculture is an economic powerhouse, but only if policy makers let it be
Farmers face a growing number of challenges. The threat of drought and crop failure seem to be with us every year. Add in protectionist policies that make it harder for Canadian farmers to trade, uncertain markets caused by political instability (such as the war in Ukraine) and the potential for disease outbreaks that threaten productivity.
Study puts numbers to pork sector’s economic contribution
Pork’s outlook positive despite headwinds, industry says
Twenty-two thousand, or 55 per cent, of all agriculture and food processing jobs in Manitoba are tied to the hog sector, according to a new study released by the Manitoba Pork Council. “The contributions of Manitoba’s hog farming and pork processing sector to the provincial economy are substantial and show that our sector is an
Interest rate boost not juicing rental prices
FCC’s latest analysis suggests the effect hasn’t hit home yet
Higher interest rates don’t seem to be affecting the ratio between land values and land rental costs — at least not yet. Farm Credit Canada’s latest analysis of farmland rental prices says they’re roughly maintaining their traditional linkage, says J.P Gervais, the organization’s chief economist. “We were curious to see whether that would bring up
Cyber-Savvy Farmer
