Canada Seeding under wraps
Monday, May 30, 2022 at 2:14:54 p.m. UTC
Money Making Mondays
Top 3 – Things to Watch this week:
1. Seeding is wrapping up in SK @ 52% on may 23- (Avg:78%); AB @ 73% on May 24- (Avg 77%), Manitoba @10% May 24 – (avg:77%). 5 day forecast is dry for Alberta and Saskatchewan. Manitoba is expecting moisture. This means majority of crops in Canada will get seeded.
2. Uncertainty. Markets are very warry of global uncertainty. Whether it be production issues, weather, or political I have never seen this level or uncertainty reported on.
3. The Bank of Canada is likely to hike its benchmark interest rate another half a percentage point on June 1.
This week’s Action Item:
If you haven’t talked to your lender yet regarding how to protect yourself from these interest rate hikes you should make time to do it.