Tagged: Bank of Canada

The News & What it Means – Canadian Dollar Quiet, but Building Energy?

By John DePutter & Dave Milne – November 14, 2018

 

The news:

“The Canadian Dollar is lacking a clear narrative to drive it in one direction or the other at present, according to strategists at Toronto-headquartered BMO Capital Markets, who say the Loonie could remain in a “flat range” until the US Dollar index tops out and goes into reverse.”

– Pound Sterling Live, Nov. 9, 2018

The News & What it Means – Farmland Values Increasing at a Slower Rate & Canadian Dollar Expected to Weaken

By John DePutter & Dave Milne – April 11, 2017

 

The news:

Canada’s farmland values showed an average increase of 7.9 % in 2016, compared to a 10.1% increase in 2015 and a 14.3 % increase in 2014.

– Farm Credit Canada farmland values report, April 7

 

The News & What it Means – Canadian Interest Rates Hold Steady & US Midwest Dryness Increasing

 

By John DePutter and Dave Milne – March 6, 2017

 

The news: No change for Canada’s Bank Rate

Citing continued uncertainty and concern over the state of the domestic economy, last week the Bank of Canada maintained its overnight rate at 0.5%, where it has been since summer, 2015.

“While there have been recent gains in employment, subdued growth in wages and hours worked continue to reflect persistent economic slack in Canada, in contrast to the US,” the Bank said.

     —From multi-media sources.