This week's episode of the Time 100 countdown includes a list of the 50 best things to do in the Caribbean during the festive season.It also includes an explanation of the differences between holiday markets, which you'll find on the infographic below....
The farm stocks in Canada are soaring again, despite a sharp drop in the prices of commodities, according to data released Thursday.
The Canadian Agricultural Price Index (CAPI) is up 4.6 per cent to 6,859.7 points since the beginning of the year.
It’s up more than 10 per cent since December 2016, when the commodity price collapse set off a global panic.
The CAPI is the best gauge of economic performance for most Canadian producers.
Its rise in the past few weeks, as well as in the last few weeks of the Trump presidency, has helped lift the country’s farm sector, which employs about 5.6 million people.
The agricultural sector also contributed to the gains in the stock market, which rose by almost 3 per cent in 2017 to reach a record high of $2.47 trillion.
The share price of Canadian corn, soybeans, wheat and barley, which includes the countrys top grain exports, has soared as well.
The price has climbed by about 17 per cent, compared with a 12 per cent increase in 2016.
Canada’s grain industry, which produces about 75 per cent of the world’s grain, was hit hard by the commodities price collapse.
Wheat prices fell nearly 15 per cent and soybeans by as much as 15 per.
Canadian grain prices have rebounded in recent months, boosted by a glut of imported corn and soybean products and the strengthening U.S. economy.
But the agricultural sector’s recovery has been slowed by a decline in production and a slowdown in imports.
The decline in grain prices has left the sector with just a $50 billion cash flow, which it had at the start of the financial year, according a report by the Canadian Association of Agricultural Producers.
The fall in grain imports has also hurt Canada’s export-oriented agriculture industry.
In 2018, the country exported $1.3 billion worth of grain, compared to a $1 billion surplus in 2017.
Canada has been relying heavily on grain exports to offset its own budget deficit, and imports have been growing at a faster rate than exports.
But as the Canadian grain industry recovers, its prices will likely increase, as farmers have more cash on hand.