The Bank of Canada on Wednesday trimmed its key interest rate by 25 basis points for the second month in a row, bringing it to 4.5 per cent, and said more reductions in borrowing costs were likely if inflation continued to cool in line with forecasts.
Bank of Canada cuts rates, sees weaker economy in 2024
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.
ICE Canada weekly: Interest rate cuts to have positive or negative effect on canola
With the growing likelihood of an interest rate cut by the Bank of Canada, spillover from the move could prove to be beneficial for canola prices, according to Calgary-based Errol Anderson of Errol’s Commodity Wire.
Do farmers feel wealthy?
Strong balance sheets are being offset by rising costs, tempering producer optimism
Reading Time: 5 minutes Glacier FarmMedia – At the end of 2017, Canadian farm debt topped $100 billion. At the time, it was a bigger number than the national debt of 135 countries, noted Country Guide columnist Gerald Pilger. The climb hasn’t stopped. The figure rose steadily since crossing the $100-billion threshold. As of 2022, the most recent year […] Read more
Farmland value growth slowed in 2023, FCC says
Saskatchewan, Quebec and Manitoba saw strongest growth in 2023, report shows
Farmland is still getting more expensive, but not quite as quickly as in recent years, according to the latest farmland value report from Canada’s biggest agricultural lender.
Feds reduce interest-free portion of cash advance
Increases implemented over the last few years have been discontinued, leaving farmers to pay higher interest cost
Farmers applying for spring cash advances should be aware the interest-free portion has dropped back to 2021 levels.
Dairy sector set to stabilize in 2024: FCC
Feed prices, butter stocks, retail demand and inflation top trends to watch
The dairy sector seems set to stabilize in 2024 amidst high processor demand and leveling-off input costs, Farm Credit Canada says.
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.
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.
Canada’s jobs growth stalls in December as wages accelerate
Declines in goods sector driven by job losses in manufacturing, construction and agriculture
Canada's economy added far fewer jobs than expected in December and the jobless rate remained at 5.8 per cent, but permanent employees' wages increased at the fastest pace in three years, data showed on Friday.
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