DEFLATION: Comin-in strong

[Old Cowzilla]

My twine guy told me the price will be about 25% more this year. Don't know how much more deflation I can handle !

[furrowtickler]

Where do they measure or benchmark deflation from?

Pre pandemic or after the increases.

A halfton or 3/4 ton was quite a bit cheaper than today. If it deflates 6 percent off todays price , it still way more expensive than pre-pandemic.

Bought a new halfton in 2016 for under 40k. To replace that halfton with the same options would be well into the 70s. Maybe more.

If it deflates enough to look at a new one , it is still too expensive for new fenders.

There has been late deliveries of “new” 2022 half tons that some dealers need to move .
Shop around if your looking
Some are $12,000 to $15,000 off from that $65 to $70 mark .
Still too high but more reasonable
Some at 1.99%
Not the fancy bling on the lot but if your not into expensive bling deals are showing up finally
Have not seen those discounts since 2008-2009

[Marusko]

Selling that clean natural gas would have been a great cash cow plus put our $ par with U.S.A. Think of the buying power we would have buying high quality steel from Germany and Japan instead of lower quality steel from China. Wonder if so much damage has been done if we will able to recover even when change of government happens. Not a lot of love for Canada now on the world stage.

careful what you wish for. CAD on par with USD puts today's $18 new crop canola bids down to 13.30, all else equal. $8 hard red. The savings on equipment and fert won't make up for that. We'll still buy cheap steel from China because it will still be cheaper.

Is anyone doing a lot of forward selling of new crop in anticipation of deflation in commodities?

[jdg364]

2023 crop.. selling some $18+ cnl for off the combine, 30 bu/ac feed barley and more than I should of cwrs but I feel a lot of wht is going to be planted so better hedge accordingly 🤷*♂️.

[sumdumguy]

Some are predicting that Macklem may reduce interest rates later this year to ward off a deep recession. (This after a 4-point updraft amidst 8.9 % inflation.)

Did it ever dawn on these buffoons that the carbon tax and additional consumption taxes on the carbon tax have added compounding costs on every transaction in this country. Every piece of fruit, every jug of milk, every truck that moves, every house that is heated has escalating costs associated to this useless tax. Trudeau created the inflationary spiral deliberately with his “Cash Cow” tax, and he’s loving it.

[furrowtickler]

Some are predicting that Macklem may reduce interest rates later this year to ward off a deep recession. (This after a 4-point updraft amidst 8.9 % inflation.)

Did it ever dawn on these buffoons that the carbon tax and additional consumption taxes on the carbon tax have added compounding costs on every transaction in this country. Every piece of fruit, every jug of milk, every truck that moves, every house that is heated has escalating costs associated to this useless tax. Trudeau created the inflationary spiral deliberately with his “Cash Cow” tax, and he’s loving it.

That was completely the plan from day one
The real baffoons are the ones who continue to support the carbon tax scheme and the ongoing escalation of carbon tax hikes

[errolanderson]

Food prices now breaking, particularly in the meat aisle. Pork, chicken and beef prices getting stiff markdowns due to reduced consumer demand. Meat not moving well from retail coolers, inventories building. Tyson profits released, off expectations.

[Guest]

Some are predicting that Macklem may reduce interest rates later this year to ward off a deep recession. (This after a 4-point updraft amidst 8.9 % inflation.)

Did it ever dawn on these buffoons that the carbon tax and additional consumption taxes on the carbon tax have added compounding costs on every transaction in this country. Every piece of fruit, every jug of milk, every truck that moves, every house that is heated has escalating costs associated to this useless tax. Trudeau created the inflationary spiral deliberately with his “Cash Cow” tax, and he’s loving it.

over and over and over and over and over again plus GST

[jazz]

over and over and over and over and over again plus GST

Nobody with 2 brain cells could have opened their utility bills this past month and did a fist pump.

Dont underestimate the number of stupid people in Canada. We have several provinces and cities chock full of them.

[sumdumguy]

Federal taxes suck but nearly crapped when saw provincial tax on farm insurance renewal- we better get a convoy going to the leg.