Bank of Canada Archives - Page 3 of 4

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Canada economy seen weaker than expected as supply chain woes weigh

By GFM Network News October 29, 2021

Ottawa | Reuters – The Canadian economy most likely underperformed expectations in the third quarter amid ongoing supply chain woes and a brutal drought, official data suggested on Friday, prompting analysts to forecast the Bank of Canada could move slower on rate hikes. The economy expanded by 0.4 percent in August, missing estimates, and looked […] Read more

Cattleman’s Corner, Markets

A look at what’s ahead for the Canadian dollar

Market Update with Jerry Klassen: Expect a slower economy, more debt and likely more taxes

By Jerry Klassen January 28, 2019

The Canadian dollar eroded by 7.8 per cent during 2018 with most of this deterioration coming in the fourth quarter. For cattle producers, this isn’t necessarily negative. Recent data shows that year-to-date feeder cattle exports for the week ending Dec. 8, 2018 were 191,863 head, up a whopping 66 per cent over the same period […] Read more

General, Markets

Ag seen gaining on slightly weaker loonie in 2019

By GFM Network News January 11, 2019

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

Wheat and Canadian Money or dollar or currency in double exposure shot, concept for earnings or spend in Agriculture

Features, News

Farm debt in Western Canada

Our debt levels are increasing, but our debt-to-equity ratios are holding steady

By Leeann Minogue October 29, 2018

The headline of an article released by FCC near the end of September was a little worrying: “What does a new high in farm debt mean for the ag sector?” Between 2016 and 2017, total Canadian farm debt increased by 6.6 per cent to more than $100 billion. In Manitoba, Saskatchewan and Alberta, the increase […] Read more

Crops, Markets

Trade certainty doesn’t translate to higher loonie

By GFM Network News October 12, 2018

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

General, Markets

Consider hedging against rate hikes, farmers advised

By GFM Network News July 11, 2018

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

General, Markets, Weather

Farmland values rise, but interest rates curb market

By GFM Network News April 23, 2018

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

Off-farm investing is intended to spread risk and produce alternative income. Investing spare cash  from farm profits in an agricultural commodity is not really diversifying.

Columns, Guarding Wealth

Investing: taking risks in the new economy

Old economy, new economy. Finding safe off-farm investments in a perilous world

By Andrew Allentuck August 4, 2017

It is the question closest to the hearts and digestions of most investors: How long can the good times last? The tech-heavy NASDAQ Composite index was up 26.3 per cent for the 12-month period ending June 7, 2017. Canada’s S&P/TSX Composite Index rose a modest 7.7 per cent in the same period, restrained by flagging […] Read more

Columns

90 years of Saskatchewan farmland prices

Saskatchewan land prices have been on the move since 1968. What’s next?

By Les Henry February 3, 2017

Readers have been asking for an update on farmland prices but I was having trouble accessing the required data. Thanks to Terry Bedard of Saskatchewan Agriculture for sending me recent average price data. This data is just for Saskatchewan. Alberta land prices are changed by many factors that are not related to what is grown […] Read more

Columns, Guarding Wealth

Guarding Wealth: Changes ahead for 2017

Rising interest rates and the Trump Effect  bring uncertainties in the New Year

By Andrew Allentuck February 1, 2017

If investing were easy, we’d all be rich. Today, capital markets have many new uncertainties. Top of the list: the Trump Effect. That is, what the new President may do after his inauguration on January 20. Also worrisome is where Europe is going if other members of the EU follow the United Kingdom out of […] Read more

U.S. livestock: Cattle markets up ahead of report

U.S. grains: Soybean futures fall after Trump-Xi call

Prairie Wheat Weekly: Western Canadian bids slightly decline

GFM Network News