Tag: Grain Perspectives

Bank of Canada increases target rate again, but questions remain on the economy and dollar

The Bank of Canada increased the target interest rate today by 0.25%, to 1.5%. This is now the fourth rate hike, amounting to 1%, since the Bank hiked rates for the first time since 2007 a year ago. Over the last year, the Bank of Canada has matched the aggressiveness of the U.S. Federal Reserve,… Read more »

High supply, mixed export numbers: an analysis of the latest WASDE report

Today‚Äôs updated World Agricultural Supply and Demand Estimates (WASDE) report was by no means a market mover. But, it does pose some questions for the market to digest. Starting with the U.S. Supply and Demand, it was, for the most part, fully influenced by adjustments in export demand. 2017/18 U.S. corn ending stocks estimates were… Read more »

Canadian GDP shows better growth; interest rates may edge higher

Wednesday was a big day for economic news in both Canada and also for our friends south of the border, in the United States. Here at home, the market is digesting the most recent GDP data for November, while the U.S. Federal Open Market Committee made the decision to hold interest rates in the country…. Read more »

Bank of Canada announcement causes brief volatility in the Canadian dollar

The Bank of Canada raised target rates this morning by 0.25 percent. The Canadian dollar (CAD) initially responded by falling over a half cent, but closed the day slightly higher. While rate hike announcements tend to inspire a bullish dollar, what is often overlooked is what the market was expecting prior to the announcement. In… Read more »