Ontario Growing Agricultural Sector, Cultivating Jobs in the North

May 08, 2019

Agribusiness Development Sprouting in Cochrane and Timmins

Ontario's Government for the people is investing more than $350,000 in two agricultural companies in Cochrane and Timmins, creating or retaining five full-time jobs.

"We are committed to creating and protecting jobs and boosting local economies across Northern Ontario," said Greg Rickford, Minister of Energy, Northern Development and Mines. "By investing in agricultural projects that stimulate growth and innovation, we are reinforcing the north's competitive advantage and sending a signal to the world that Northern Ontario is open for business and open for jobs."

Investments include:

$177,767 for Greg and Aileen Hessels in Cochrane to expand their beef cattle farm by building a new barn and purchasing equipment.
$175,277 for Borealis Fresh Farms Inc. in Timmins to establish a high-tech, vertical hydroponic farm.

"Our government is protecting what matters most to the people of Ontario by investing in local agribusinesses," said Minister Rickford. "We are helping to match companies looking to hire with workers seeking opportunity and development."

Source : Ontario.ca

Video: U.S.-China Trade “Truce” + U.S. Fed Cuts Rates Again

The market was hoping for a US-China trade deal, but we got a trade “truce” for now from the keenly awaited Trump-Xi meeting at the APEC Summit.
China commits to minimum purchase commitments of 12 MMT of U.S. soybeans during the “current season” and a minimum of 25 MMT annually through 2028.
U.S. Treasury Sec Bessent said other Asian countries have agreed to buy additional 19 MMT of US soybean.
Soybean futures trading above $11 now- they normally tend to rally to $12.
As expected, US Fed cuts interest rates by -0.25% again in October to 3.75%–4.00%. No further cuts promised for this year but trade looking out to the Dec FOMC.
The Bank of Canada cut interest rates to 2.25% but raised concern over trade war damage.
Soy meal futures, remarkably, have had 14 consecutive higher close sessions. A bull market in soybeans is a bull market in soy meal!
Cattle futures lower as funds unwind out of cattle for now due to Trump headlines and objective to lower beef prices.
All major stock indices climb to new record highs. It was Mag 7 reporting week, which had mixed results. But we now have the first $5 trillion company in Nvidia!