Diversification may be bland, but it works

Canada West Foundation estimates that Manitoba’s real GDP edged up 0.1 per cent in 2009, and forecasts that it will grow 1.9 per cent in 2010. Excerpted from “Avoiding Recession Contagion: Manitoba Economic Profile and Forecast” published last month. The full report can be viewed at: http://www.cwf.ca. Just as the careful approach followed by Canada’s

ICE Canada Barley Contract Languishing

Open interest in the ICE Futures Canada barley market has declined to where the contract is no longer a viable pricing option, despite recent efforts made by ICE Canada to raise its appeal to a broader range of participants. But the contract is not likely to be delisted any time soon; ICE Canada is still


Be Wary Of Pension-Unlocking Schemes

Mani tobans who hold locked-in registered retirement savings plans (RRSPs) should be cautious of schemes that promote unlocking of these funds, Labour and Immigration Minister Jennifer Howard, minister responsible for the Pension Commission of Manitoba, said last week. “Manitobans should be wary about potentially fraudulent schemes being offered for unlocking pension funds,” said Howard. “The

Riparian Tax Credit Program Continues

Manitoba agricultural producers with land bordering a waterway are once again eligible to apply for the Riparian Tax Credit. “Last year, we doubled the Riparian Tax Credit and simplified the rules for cattle producers,” said Finance Minister Rosann Wowchuk in a release. “Our government believes that during these times of economic recovery it’s more important


Supporting Research Lowers Your Taxes

The federal government annually provides a Scientific Research and Experimental Development (SR&ED) tax credit to producers offering them money back on their checkoff investments. The tax credit percentage for producers who contributed to the Wheat and Barley Checkoff (administered by the Western Grains Research Foundation) in 2009 are 83 per cent for wheat and 76

How Fraudproof Are You?

Give yourself 2 points for every right answer: 1.c) 2.b) 3.a) 4.b) 5.c) 6.a) 7.c) 8.c) 9.a) 10.b) 11.c) 12.c) If you scored 20 to 24: You run a tight ship – your information is pretty safe. If you scored 14 to 18: You know the basics, but there is more you can do to


Investors Develop A Taste For Beef

“We have never had this much buying in the cattle market before. It is not realistic to believe that it will continue.” – DENNIS SMITH, LIVESTOCK BROKER Investors seeking strong returns in the commodity markets have been pouring money into U. S. cattle futures, sending prices to 15-month highs and boosting February volume 27 per

FCC Will Help Finance Short Lines

Farm Credit Corp. will help finance farmer takeovers of short lines that have a solid business case, says president and CEO Greg Stewart. “We’re going to be receptive to doing more of that in the future,” he said while answering questions from Manitou, Man. farmer Robert McLean during the annual meeting of the Canadian Federation


Harami Warns Farmers Of An Impending Collapse In Oat Prices

David drozd The Japanese are true pioneers of technical analysis of the markets. You may remember last month’s column where I illustrated the weekly canola chart and identified the two-week reversal that materialized at the height of the rally in early January. Similarly, another reversal pattern known as a harami also developed at the end

Herd Cutbacks Eat Into Ridley’s Q2

Winnipeg feed maker Ridley Inc. reports higher profit in the last three months of 2009, even as its feed sales drop due to cutbacks in Canada’s livestock herds. The company reported net earnings of $5 million on gross revenue of $150 million for its second quarter ending Dec. 31, down from $700,000 on $163.6 million