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| Today, the Minister of Agriculture and Agri-Food, the Honourable Marie-Claude Bibeau, announced that the interest-free portion of the Advance Payments Program will increase from $100,000 to $250,000 for the 2022 and 2023 program years.
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| Exceptional circumstances such as feed shortages due to drought and delays stemming from the global pandemic and the war in Ukraine have disrupted supply chains and increased input costs for Canadian farmers, including for fuel and fertilizer. In these challenging times, it is important that farmers have the support they need to ensure a successful 2022 planting season.
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| The Ontario government is supporting the creation of an industry-led pilot loan guarantee program to assist the province’s ginseng farmers in sustaining and growing their business.
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| OTTAWA -- The Bank of Canada raised its overnight lending rate by 25 basis points to 0.50 per cent on Wednesday, marking the first time the central bank has tightened monetary policy since 2018, while highlighting how Russia's attack on Ukraine could weigh on global growth and lift commodity prices further.
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