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.





Photo: yalcinsonat1/iStock/Getty Images

Food and beverage sales to fall in 2024; processor margins to improve

Stabilizing or declining input prices working their way through the supply chain, FCC says

Farm Credit Canada is predicting Canadian food and beverage sales will fall slightly this year as consumers manage tight budgets. Gross margins, however, should increase as the effects of falling commodity prices work their way through the supply chain, the farm lender said in an April 9 news release.







(Dave Bedard photo)

FCC announces new 4R incentive

The program is open to FCC customers who use AgExpert platform

FCC announced the new Sustainability Incentive Program at the Western Canadian Crop Production Show in Saskatoon. The program is open to FCC customers who put a 4R nutrient management plan in place, record production activities through AgExpert Field, and have their 4R practices verified by a 4R designated agronomist.