Canada's Economy Shrinks . . . .

[errolanderson]

Canada's GDP contracted -0.1% in August, the 1st monthly decline since October, 2016.

Canada's July GDP data was already flat-lining. Bottomline . . . Canada's economy was already in a slowdown when the Bank of Canada made two rate hike decisions this past summer. Declines in manufacturing / oil and gas industry are to blame.

Loonie again now under heavy selling pressure today. Chances of further Cdn rate hikes appears to be zero (0) heading into 2018.

[Oliver88]

Going as planned.
Federal government doesn't even want an oil industry anyways going by the way pipelines are treated.

Tanking CDN $ will send us to $12 canola and $7.50 wheat again.

[farmaholic]

Good for Grain not good for Iron from the US(ouch).

[errolanderson]

Now for some irony . . . the Toronto TSX index hit historic highs this week.

[farming101]

Next stop .76 for CAD. Should be a bounce there
I know, I know, the target is .60

[Oliver88]

Now for some irony . . . the Toronto TSX index hit historic highs this week.

Correct me if I'm wrong but if CDN $ hits .70 in theory we should get another increase of 11% in stock prices?

[errolanderson]

Fallout in the loonie also means of the economics of shipping U.S. corn into southern Alberta have gone sour . . . This is supportive to feed barley prices (IMO).

[errolanderson]

Reported today, CME is preparing to launch bitcoin futures by the end of the year.

Have no comment, opinion and speechless for a change . . . .

[farming101]

Low dollar could help barley for a while till the bottom falls out of the corn market.
Sask may do better because of logistics issues

[errolanderson]

Low dollar could help barley for a while till the bottom falls out of the corn market.
Sask may do better because of logistics issues

Good point farming101, corn is very wobbly . . . Chicago and KC wheat fresh contract lows today.