Bank of Canada Rate Hike

[errolanderson]

The Bank of Canada hiked rates a further 1/4% this morning (Oct 24th) to 1.75% . . . . .

In our view, this is very poor timing of an additional rate hike by our Cdn central banker. 30% of Canadians now fear bankruptcy and can ill-afford a hike in monthly payments. ProMarket Wire, Calgary

[farmaholic]

Why were the allowed to borrow to the cliff's edge? Both the lender and borrower are responsible...one for alowingbit and the other for taking the opportunity.

No one gets executed for going bankrupt....so why not live larger than life!

[SASKFARMER3]

Should add on the investment side and cover Trudeau’s carbon tax for us

[blueversi]

The Bank of Canada hiked rates a further 1/4% this morning (Oct 24th) to 1.75% . . . . .

In our view, this is very poor timing of an additional rate hike by our Cdn central banker. 30% of Canadians now fear bankruptcy and can ill-afford a hike in monthly payments. ProMarket Wire, Calgary

What do you mean? CBC says it's because the economy is strong. Lol

[foragefarmer]

This is what CNR stated in the 3rd quarter report yesterday!

"CN Rail said revenue from moving petroleum and chemicals climbed 25 percent in the three months ended Sept. 30, while revenue from grains and fertilizers rose 15 percent."


All the Agriville armchair Canadian economists must have missed this one!

[blueversi]

This is what CNR stated in the 3rd quarter report yesterday!

"CN Rail said revenue from moving petroleum and chemicals climbed 25 percent in the three months ended Sept. 30, while revenue from grains and fertilizers rose 15 percent."


All the Agriville armchair Canadian economists must have missed this one!

Wow, a business with a virtual monopoly had their revenue rise, sunny ways full steam ahead.

[errolanderson]

Canadian dollar rallying as a result, canola getting hammered . . . .

[hobbyfrmr]

Why were the allowed to borrow to the cliff's edge? Both the lender and borrower are responsible...one for alowingbit and the other for taking the opportunity.

No one gets executed for going bankrupt....so why not live larger than life!

I sorta kinda agree with you. There is a tiny smidgen of regret for not borrowing on the best recreation items where my family would have experienced ultimate comfort and relaxation when not “working”.

[blueversi]

What will CNs revenue be like after those industries that contributed to the growth are dead because of govt carbon tax and govt over regulation and red tape? What will they haul then hopes and dreams, solar panels and windmills?

[Guest]

What will CNs revenue be like after those industries that contributed to the growth are dead because of govt carbon tax and govt over regulation and red tape? What will they haul then hopes and dreams, solar panels and windmills?

Unicorns and lollipops
Maybe some pot
Maybe wheat east or west into canada after farmers say **** it after this govt and ralph has totally ****d the west

[farmaholic]

This is what CNR stated in the 3rd quarter report yesterday!

"CN Rail said revenue from moving petroleum and chemicals climbed 25 percent in the three months ended Sept. 30, while revenue from grains and fertilizers rose 15 percent."


All the Agriville armchair Canadian economists must have missed this one!

Put some pipes in the ground....thats what petroleum needs to be transported in!

[Oliver88]

With an increasing demand for crude oil in the world and earth muffins blocking all pipelines being built of course CNR will have increased revenues.

This shouldn’t surprise anyone.

The world is addicted to crude oil (no matter what the jet setting greenies tell you) so build pipelines and sell them what they want.

[foragefarmer]

"CN Rail said revenue from moving petroleum and chemicals climbed 25 percent in the three months ended Sept. 30, while revenue from grains and fertilizers rose 15 percent."



I'll take my cue on the Canadian economy from a multi-billion dollar railway's quarterly report, which hauls material across Canada rather than from participants on an Ag chat line.

If a government of your choice was in power and these types of number came out from CNR this thread would be on page four by now.

#AgrivillefullofDebbiedowner's

[grassfarmer]

Should add on the investment side and cover Trudeau’s carbon tax for us

Hear! hear! - finally an honest appraisal of the minimal financial effect a carbon tax will have on Canadian farmers. If a farmer that is constantly pleading hardship and has suffered through 15 years of floods of biblical proportions in the toughest place in the world to farm has amassed enough savings that a 1/4% interest rate hike will more than mitigate any effect of a carbon tax it's clear proof that the politicians are on the right track and that this won't in fact bankrupt agriculture as some allege.

[blackpowder]

Pretty weak, grass.
Unless your point was that it's ok because the 1% can easily afford it. Hell, they'll just move to where there is no tax. Like maybe anywhere but here.
Lol