Farms.com Home  › News

FCC macroeconomic predictions for 2022 highlight rising rates

Farm Credit Canada (FCC) has released its macroeconomic snapshot for the first financial quarter of 2022. While FCC anticipates Canada’s economic growth will be weaker this quarter than the latter half of 2021 due to the Omicron variant and supply chain disruptions, this is expected to change in the second quarter, with growth continuing through the rest of the year.

The Bank of Canada increased its overnight rate to 0.50 per cent on March 2; FCC expects this rate to continue climbing throughout 2022 and to reach 1.5 per cent by year end. According to FCC, the magnitude of these rate increases will be largely influenced by the rate of business investment, how fast consumers deplete savings accumulated during the pandemic and the degree in which the Russia/Ukraine conflict impacts the Canadian economy.

Click here to see more...

Trending Video

USDA Relief Rally + Can the Bulls WIN U.S. Thanksgiving & Christmas?

Video: USDA Relief Rally + Can the Bulls WIN U.S. Thanksgiving & Christmas?

The 2026 USDA November crop report was “friendly” corn and soybean neutral/bearish wheat mad may have stopped the fund bleeding for now. China extends tariff truce for 2-months why not 1 year? Wants 30-30 initiative completed ASAP. USDA Baseline Projections see more 2027 wheat and soybean acres less corn. The last 30-days has been dry for Brazil but monsoonal rains over the next 7-10 days an anchor on soybean futures. New highs in U.S. $ Index & new lows in the CDN $. There were no break throughs in the peace talks with Ukraine-Russian war in Abu Dhabi. The Godfather of AI Jensen Huang resins at NVDA as CEO over the spy scandal + CFTC.