Inflation Archives - Page 7 of 19 - Manitoba Co-operator

Stephen Poloz, an economist and former governor of the Bank of Canada, speaks during CropConnect in Winnipeg on February 15.

Forecasting future little use in turbulent era: Poloz

The convergence of five ‘tectonic’ economic forces likely to create more and bigger financial shocks than usual

By Geralyn Wichers February 24, 2023

In upcoming turbulent times, forecasting the future will lose value, a former Bank of Canada governor told a CropConnect audience. Instead, preparing for multiple scenarios will be key for business risk management. Economists will be “wallowing around in an incredible amount of uncertainty,” said Stephen Poloz. Why it matters: Economic volatility will make forward planning

Josh Linville, vice president of fertilizer for StoneX Group Inc, speaking at AgDays in Brandon in January.

News

VIDEO: Fertilizer buyers smell blood in the water

With market power slowly rebalancing there’s a stubborn waiting game playing out

By Don Norman February 24, 2023

Fertilizer prices have fallen significantly from their highs a year ago — but there is still a lot of uncertainty in the market. Josh Linville, vice president of fertilizer for StoneX Group, said many market forces brought agriculture to this precarious spot. He traces it back to August 2020, when a high-intensity wind storm hit

CBOT March 2023 soybeans (candlesticks) with 20-day moving average and November 2023 soybeans (dark green o/h/l/c). (Barchart)

Crops, Markets

U.S. grains: Soybeans end higher in choppy trade

CBOT corn mixed, wheat down; MGEX, K.C. wheats up

By GFM Network News, Julie Ingwersen February 17, 2023

Chicago | Reuters — U.S. soybean futures inched higher on Thursday while corn ended narrowly mixed after a choppy session as traders weighed poor crop prospects in Argentina against the expanding harvest of a massive Brazilian soybean crop and fears of rising interest rates, analysts said. Chicago Board of Trade (CBOT) wheat futures fell on

CME February 2023 live cattle with 20-, 50- and 100-day moving averages. (Barchart)

Livestock, Markets

U.S. livestock: CME live cattle ease on profit-taking

February cattle lower after nearing eight-year top; hogs follow cash prices higher

By GFM Network News, Julie Ingwersen February 15, 2023

Chicago | Reuters — U.S. live cattle futures closed lower on Tuesday on profit-taking after rising to the highest levels in nearly eight years, with worries about the health of the U.S. economy adding to bearish sentiment, analysts said. Benchmark April live cattle futures on the Chicago Mercantile Exchange settled down 0.425 cent at 164.675

Editorial, Op/Ed

Editor’s Take: Woe Canada

By Gord Gilmour February 10, 2023

Canada faces many issues internationally that are going to determine the success or failure of its agri-food sector. Is enough being done to address them? That was the subject of a recent summit in Ottawa that John Greig attended on behalf of Glacier FarmMedia. One of the latest and most-hyped endeavours in the agriculture sector

NDP ag critic Alistair MacGregor speaks Feb. 3, 2023 in the House of Commons. (Alistair MacGregor video screengrab via Facebook)

Markets

Federal NDP ag critic to handle food inflation file

Mini-shuffle follows new critic portfolio

By Dave Bedard, GFM Network News February 5, 2023

Canada’s federal New Democrats have appointed their critic for agriculture and agri-food to a new point position on a major issue for the fourth-ranked opposition party. After the House of Commons resumed sitting last Monday (Jan. 30), NDP leader Jagmeet Singh on Friday named Alistair MacGregor, MP for the Vancouver Island riding of Cowichan-Malahat-Langford, to

The reputation of the Bank of Canada will be undermined if the public believes that it’s pounding away with a hammer that is not needed and causing much hardship in the process.

Comment, Op/Ed, Other

Comment: Are interest rates the right tool?

The Bank of Canada’s ‘resolute’ fight against inflation could threaten its credibility

By Ellen D. Russell February 3, 2023

The Bank of Canada “resolutely” declared it will fight inflation by raising interest rates. To demonstrate its unwavering commitment to reach its two per cent inflation target, the eighth consecutive interest rate hike on Jan. 25 brings the policy rate to 4.5 per cent. The bank’s logic is this: when demand outpaces what the economy

Grocers have begun to realize there might be a problem.

Comment, Op/Ed

Comment: A face-saving code for grocers

Food retailers are facing a crisis in public confidence and need the code as much as consumers do

By Sylvain Charlebois January 30, 2023

As reported in recent days, the grocer code of conduct is coming to Canada. Both the United Kingdom and Australia, where grocer oligopolies exist, have a similar code already. This is great news for consumers. In fact, it should be considered a minor miracle. It all started a few years ago with the announcement of

Consumers have become hyper-sensitive to any potential evidence suggesting abuse of market power and grocers will need to navigate the coming months with extreme caution. Showing more public empathy would be a good start.

Comment, Op/Ed

Comment: A look behind the optics on food prices

Lessons from a frivolous picture of overpriced chicken breasts

By Sylvain Charlebois January 25, 2023

It all started with one reporter taking a picture of an overpriced pack of five boneless, skinless chicken breasts. The cost was $26.87 a kilogram, a world-class sticker shocker and at least double what one would expect to pay for chicken breasts. Within hours, the picture became the lightning rod for frustrated consumers on social

Farmit Manitoba

Five dollar lettuce a boon to hydroponics start-up

Manitoba inventor takes pandemic project to market

By Don Norman January 25, 2023

A Manitoba inventor has developed a homegrown solution to five-dollar lettuce. Neil Evenson is the founder of Radical Growing Company, which produces self-contained, do-it-yourself, single-plant hydroponic kits. Evenson is a design engineer by trade but he loves to tinker in his spare time, and every now and again, those tinkerings turn into a viable product

Daily Network News

CNH Industrial flags weak 2026 profit on sluggish farm machinery demand

General Mills cuts annual outlook as shoppers seek cheaper options

Canadian annual inflation rate edges down in January as gasoline costs drop

Tag Archives Inflation