Bank of Canada Governor Tiff Macklem takes part in a news conference, after cutting key interest rate, in Ottawa, Ontario, Canada July 24, 2024. REUTERS/Blair Gable

Canada’s inflation eases to 1.6 per cent, increasing chances of 50 bps rate cut

Canada's annual inflation rate slowed more than expected to 1.6 per cent in September, data showed on Tuesday, prompting markets to increase bets of a 50 basis point rate cut next week. The easing of inflation, which was mainly led by a huge drop in the price of gasoline, was the smallest annual increase in consumer prices since February 2021, Statistics Canada said.



The Bank of Canada in Ottawa. (Video screengrab from BankofCanada.ca)

Bank of Canada interest rate cut to give some borrowers relief

Effects on financial markets likely to be muted says FCC economist

The Bank of Canada trimmed its key policy rate on Wednesday to 4.75 per cent from a 23-year high of five per cent. Inflation is now running at 2.7 per cent, above the central bank's two per cent target, but down from a high of 8.1 per cent in June 2022, Reuters reported.



(Dave Bedard photo)

FCC predicts drop in farm cash receipts for 2024

Interest rates, inputs costs may come down but farmers urged to sharpen their pencils

FCC's top economist is urging farmers to find any way they can to save money, as the ag lender projects a 4.8 per cent decline in farm cash receipts in 2024 on the heels of lower commodity prices.

(Dave Bedard photo)

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.