The demand for new equipment is highly dependent on the health of the agricultural economy.
The robust food demand and limited cost inflation supporting profitability in Canada’s food processing since January should continue to year-end.
Milk consumption trends support growth in dairy revenues while producers’ margins continue to be pressured.
Strength of demand for Canadian red meats will sustain profitability as 2018 winds down, with both supply and production likely to expand in the second half of the year.
BoC increases interest rate hike for a second time in 2018 amid higher economic growth and expectations of future inflationary pressures.