Bank of Canada holds key interest rate at 5%, keeps door open to more rate hikes

Bank of Canada holds key interest rate at 5%, keeps door open to more rate hikes

Oct 25, 2023 | 8:26am
The Bank of Canada held its key interest rate steady at five per cent, but hasn’t ruled out future rate hikes as price pressures remain high.   “With clearer signs that monetary policy is moderating spending and relieving price pressures, governing council decided to hold the policy rate at five per cent,” the Bank of Canada said in a news release on Wednesday.  […]

Bank of Canada raises key interest rate amid stubbornly high inflation

Jun 7, 2023 | 8:36am

The Bank of Canada announced a quarter-percentage point rate hike Wednesday, the first interest rate increase since January, as high inflation persists. The central bank announced a pause earlier in January. Its key interest rate now sits at 4.75 per cent, the highest it’s been since 2001. “Based on the accumulation of evidence, governing council […]

FCC reflects optimistic outlook in coming year for farm machinery sales

Nov 8, 2022 | 2:31pm

Farm Credit Canada has an optimistic outlook for farm machinery sales in the coming year. Chief agriculture economist at FCC, J.P. Gervais, says rising interest rates are a concern but buoyant grain prices should reflect a good year for the farm equipment business in 2023. He says inventories of farm equipment will be better in […]

Farm Credit Canada provides 1.5 million dollars to rural community projects

Sep 10, 2020 | 4:41am

Regina-based Farm Credit Canada has awarded a total of 1.5-million-dollars to 92 community projects across Canada. FCC manager of community investment, Carla Warnyca, says the AgriSpirit Fund is designed to support community enhancement projects. She says the goal is to keep rural communities vibrant. The community support ranges from $5,000 to $25,000. In Saskatchewan, $187,000 […]

APAS launches farm survey over COVID-19 pandemic

Apr 1, 2020 | 6:00am

APAS has launched a new farmer survey over the COVID-19 pandemic. APAS President Todd Lewis says the survey will track how the farmers across the province are coping with the COVID-19 crisis. He says the weekly survey will track farmer concerns about such issues as credit, seeding supplies, shipping delays and mental health Lewis says […]