Farm Credit Canada’s Senior Agricultural Economist is not expecting to see any major changes in interest rates.
J.P. Gervais says inflation has been trending down for the last twelve months adding the Canadian dollar is strong.
"So with this in mind and the fact that the world economy is slowing down, I think there is a high probably that interest rates will remain where they are towards the end of 2012 and into 2013 and it remains to be monitored where interest rates will be into the second half of next year."
What’s happening globally impacts locally. That saying is especially true in Agriculture.
Gervais says it’s very important that producers monitor production conditions in other countries, trade agreements, what’s happening with US politics and their farm bill as well as watching the European Crisis.
Fri, Apr 26, 7:00 PM
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