This week’s financial news seems to be all about inflation concerns, but our guest today doesn’t share the same concern level as everyone else. JP Gervais, chief economist at Farm Credit Canada, joins host Shaun Haney for today’s RealAg LIVE! RealAg LIVE! streams every weekday at 3 pm E on Youtube, Facebook, and Twitter! SUMMARY… Read More
If you like acreage outlooks, discussions on the mystery of Chinese intentions, and theoretical interest rate conversations, you’re probably a lot of fun at parties. You’re also totally going to want to get in on today’s RealAg LIVE! Tap below to hear Matthew Pot of Grain Perspectives and host Shaun Haney discuss forward pricing, spreads,… Read More
There’s plenty of optimism for the COVID-19 vaccine rollout to assist in a global economic recovery, but what happens after mass vaccination? What’s at play to help the global economy recover? Jan Lambregts, head of RaboResearch, global economics and markets at Rabobank, recently joined Shaun Haney to talk all things global finance. Lambregts recently presented… Read More
One year in to navigating a global pandemic, it’s clear that the economic health of consumers is ailing, but it’s difficult to measure by how much; and until COVID-19 passes, any economic recovery in Canada is strained. “It’s interesting, when we think back to a year ago, just before the pandemic really began to bear… Read More
The Bank of Canada has announced it will hold firm at a 0.25 per cent interest rate for now; and, given the commentary around the announcement, likely for some time. According to J.P. Gervais, chief economist with Farm Credit Canada, it’s not an unexpected outcome. “When you comb through the [Bank of Canada] statement, what… Read More
There have been dramatic impacts on the Canadian and global economy due to COVID-19. In the midst of all of this, one might wonder where the global and domestic economies are headed and what the future might bring. “The first thing that comes to mind when you think of things being unprecedented, more than anything… Read More
Many Canadian ag exporters may have wished that they had hedged the dollar a bit more. The Canadian dollar has climbed recently, making its way back to pre-COVID levels, around the US$0.755 mark. It’s hard to know what to expect for the second half of 2020. Jon Driedger of LeftField Commodity Research recently joined Shaun… Read More
While U.S. President Trump and Mexican President Obrador were meeting in Washington D.C. to celebrate the United States-Mexico-Canada Agreement, Prime Minister Trudeau was in Ottawa defending his government’s mid-year fiscal update. It is no surprise that the numbers are not pretty, as the Liberals have attempted to rescue the economy with major support payments, just… Read More
No one can predict how long the COVID-19 pandemic will last, but a huge focus on social and physical distancing has been effective, at least in part, to “flattening the curve” of infection and critical illness. Tracking on an inverse curve is the local and global economy. Right now uncertainty, social distancing, and shuttered businesses… Read More
We are just ending Q1 of 2020 and it is already a year to remember for generations. As we attempt to deal with COVID-19, governments are also trying to be aware of the economic future. Like you, this COVID-19 outbreak has impacted my family and business. Graduation has been cancelled, baseball season is in jeopardy,… Read More
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
While the COVID-19 pandemic is unlike anything in modern-day history, commodity markets are — perhaps surprisingly — adjusting and adapting to the global market sell-off. In this interview (recorded Thursday, so keep that in mind on quoted numbers), RealAg Radio host Shaun Haney and Brian Voth with IntelliFarm break down what’s going on in the… Read More
The Bank of Canada took a step to attempt to soften the blow of COVID-19 on the economy by dropping its key rate by another 50 bps to 0.75 per cent — the second cut in as many weeks. The Bank of Canada also took additional measures with banker acceptances to keep the short term… Read More
Fresh off a fifty basis-point cut by the Federal Reserve in the U.S. on March 4, 2020, the Bank of Canada lowered its key rate by the same amount from 1.75 per cent to 1.25 per cent. In a written statement the Bank of Canada said, “As the situation evolves, the Governing Council stands ready… Read More
Over the course of the summer, the U.S. Federal Reserve has cut interest rates twice, with the latest drop in its benchmark overnight lending rate taking it to a target range of 1.75% to 2%. Over the same timeframe, the Bank of Canada hasn’t touched interest rates, and the probability of seeing a cut this… Read More
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