On Friday (March 27), the Bank of Canada initiated an emergency key rate cut of 50 bps to 0.25% in an attempt to defend the economy against the impacts of COVID-19. Additionally, the Bank of Canada will expand its balance sheet through purchases of Government of Canada securities to the tune of $5 billion per… Read More

For many of the commodity futures in meats and grains, it has been a very rough two weeks of panic selling in response to coronavirus economic impacts. The sell-off has not been isolated to agricultural commodities, as the equity market in the U.S. is now officially in a bear market and down 20% off of… Read More

On Friday, the Canadian dollar rose nearly a cent relative to the U.S. dollar. The sudden ‘strength’ came from a couple of sources. First, more confidence that the Bank of Canada will continue the path gradual rate hikes; second, a weaker U.S. Dollar. Recent Canadian economic data warrants the Bank’s outlook for gradual rate increases…. Read More

After just a one-week break, grain markets were again plagued by geopolitical risk with the phrase “trade war” hitting the headlines everywhere. Pressuring Canadian grain prices was the Canadian Dollar hitting a two-month low, closing below US$0.77. But the majority of both the grain and broader markets impacts was, once again, U.S. President Donald Trump… Read More

Last week there were reasons for confusion on what direction the American dollar might take based on White House policy. Most of the confusion last week was driven by comments made by different members of the White House team. “It’s interesting, it’s almost like currency wars at the moment,” says Matthew Pot of Grain Perspectives… Read More

Before we begin to explain how blockchain may be a game changer for agricultural marketing let’s answer that question that is likely at the top of your mind. “What the the heck is blockchain?” According to the Harvard Business Review, it is “an open, distributed ledger that can record transactions between two parties efficiently and… Read More

On Friday, Statistics Canada released its third-quarter economic report, which included an update on gross domestic product and job growth. With the Canadian government boasting a strong economy and North American Free Trade Agreement (NAFTA) negotiations in an arguably precarious situation, many experts are watching the domestic economic climate very closely. Some of the highlights… Read More