The Bank of Canada held steady on the prime lending rate in its first decision for 2019, but are two more rate hikes on deck?
For what’s at play, what to consider, and where the rate may be headed, Shaun Haney, host of RealAg Radio, talks to Matthew Pot, with Grain Perspectives. From the economic results that fell short of expectation, to what’s happening south of the border, Pot shares his insight into the likelihood of one to two more rate hikes in the coming year.
What does it mean for the Canadian dollar? Holding the rate did prove positive for Canada’s currency after the news, but there’s also talk of upward momentum on oil prices — Pot and Haney discuss what that could mean going forward.
Listen to Shaun Haney and Matthew Pot talk this week’s finance news, dollar moves, oil value, and the market buying corn acres, here: