Bank of Canada Archives - Page 4 of 4

Low loonie not good for farmers right now

By Ashley Robinson - MarketsFarm June 23, 2018

Reading Time: 2 minutes CNS Canada — Usually when the Canadian dollar starts to drop lower than its U.S. counterpart it’s good for producers — but this time not so much. Along with the drop, commodity prices have also dropped. “Unfortunately I’m not so sure that what we’ve seen in terms of a decline in the Canadian dollar versus […] Read more

General, Markets, Weather

Farmland values rise, but interest rates curb market

By Ashley Robinson - MarketsFarm April 23, 2018

Reading Time: 3 minutes 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

Markets, Soybeans

A demanding year ahead for soybean markets

With bumper crops expected around the world, soybean growers will need to juggle currency rates, weather anomalies and key demand drivers to find their best soybean price in 2018

By Philip Shaw March 6, 2018

Reading Time: 5 minutes Soybeans are a great crop to grow. This is reflected in the 3.1 million acres of soybeans grown this past year across Ontario. Driving from Windsor to Montreal and beyond, soybeans are a common sight. It’s on the other side of the world, though, that China, the world’s biggest consumer of soybeans, imported a whopping […] Read more

There are tools that we have that I don’t think we’re maximizing,” says the FCC’s J.P. Gervais. “We need to up our game.”

Guide Business

Farm debt in perspective

Yes, $90 billion in farm debt is a lot, but most farmers should be able to weather most storms if they up their focus on their risk exposure

By Shannon VanRaes October 23, 2017

Reading Time: 9 minutes When Gwen Paddock began her finance career some three decades ago, farmers were looking for a chequing account, an operating loan and maybe some short-term financing for equipment and land. Not so today. “Farms are getting bigger with more moving parts,” says RBC’s national director of agriculture. “Now, farmers and farm operators are looking for […] Read more

Livestock, Markets

Currency analysts watch for interest rate decision

By Jade Markus January 19, 2016

Reading Time: 1 minute 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

Guide Business, Markets

The China (economic) factor and Canadian agriculture

Does China’s economic slowdown have to be bad news for Canada’s farmers? We ask Errol Anderson, does he see hope in the year ahead?

By Gord Gilmour September 15, 2015

Reading Time: 6 minutes For the first instalment in our five-part series this fall and winter, we sat down with Calgary-based grain market adviser and regular Country Guide contributor Errol Anderson for his insights into what to look for in markets this year. The billion-dollar question, Anderson says, is what will happen in China. Other issues are important too, […] Read more

Crops, Markets

Cheaper crude clouds Canada’s economic fortunes

By Lisa Guenther March 11, 2015

Reading Time: 2 minutes 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

Canola, Crops, Markets

ICE weekly outlook: Canola spikes as loonie falls

By Dave Sims January 21, 2015

Reading Time: 2 minutes 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

Daily Network News

Conservative MP introduces bill to speed approvals of seeds, fertilizers

ICE Weekly: More to canola price gains than Middle East war

CBOT Weekly: U.S. trade monitoring crops, weather

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