Latest Newsletter

Tag Archives bank of canada — page 3

(Dave Bedard photo)
Markets

Ag seen gaining on slightly weaker loonie in 2019

By
CNS Canada — Farm Credit Canada (FCC) predicts the Canadian dollar will spend the year around the 75-U.S. cent mark — slightly softer than last year’s average of 76. “We’re going to see volatility throughout the year obviously but when we look at that season, or the full year average, we’re looking for it to […] Read more
(Mecaleha/iStock/Getty Images)
Crops, Markets

Trade certainty doesn’t translate to higher loonie

By
CNS Canada — Even with more certainty around trade with the U.S., Canadians shouldn’t expect to see the dollar flying in value. “It’s hard for me to see the Canadian dollar gain value against the U.S. dollar in the short term, unless the Bank of Canada totally revises its stance towards interest rates,” said J.P. […] Read more
Farm equity continues to climb in Ontario, with both land value and crop inventory value increasing in 2017 over 2016.
News

Ag balance sheet points to stable Canadian farm economy

Farm real estate now accounts for more than three quarters of farm asset value

By
Canadian farmers saw their farm equity climb 6.9 per cent last year compared to the year before and Farm Credit Canada’s principal agricultural economist said that falls in line with FCC’s analysis. Data released by Statistics Canada in June reported 2017 farm equity climbed $36.4 billion to $535.3 billion, compared to $500.75 billion in 2016. […] Read more
(Video screengrab from BankofCanada.ca)
Markets

Consider hedging against rate hikes, farmers advised

By
CNS Canada — The Bank of Canada has raised its benchmark interest rate to 1.5 per cent, marking the fourth time it has raised rates since last summer. The increase from 1.25 per cent is the base rate retail banks pay for short-term loans, but consumer rates for mortgages, lines of credit and other loans […] Read more
(Shotbydave/iStock/Getty Images)
Markets

Farmland values rise, but interest rates curb market

By
CNS Canada — Prices of Canadian farmland were seen rising in 2017, with most sales happening in the first half of 2017 before interest rate increases and the drought in Western Canada hit. That’s according to the annual Farmland Values Report released Monday by Farm Credit Canada (FCC), based on 90 per cent of farmland […] Read more
(Country Guide file photo)
Livestock, Markets

Currency analysts watch for interest rate decision

By
CNS Canada — The likelihood of the Bank of Canada cutting interest rates on Wednesday is already priced into the loonie, according to one analyst — but if the bank instead decides to hold rates steady, the beleaguered currency could move higher. The Canadian dollar was trading around US69 cents (US$1=C$1.45) near midday Tuesday, which […] Read more
(Dave Bedard photo)
Crops, Markets

Cheaper crude clouds Canada’s economic fortunes

By
While dropping oil prices have boosted the U.S. economy, how the price slump will affect the outlook north of the border remains a question mark from where Canada’s largest lender sits. “In Canada, it’s a little bit less clear-cut. And the reason is our energy sector is much larger as a share of the overall […] Read more
(Dave Bedard photo)
Crops, Markets

ICE weekly outlook: Canola spikes as loonie falls

By
CNS Canada — ICE Futures Canada canola contracts finished higher for the week ended Wednesday, tracking the U.S. soy complex for much of the period but ultimately shooting higher due to the Canadian dollar’s sudden free-fall. The weaker currency helped improve domestic crush margins and also made canola more attractive to exporters pricing in U.S. […] Read more

Cyber-Savvy Farmer

Glacier Farmmedia Podcast