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Ontario Supporting Good Jobs in Eastern Ontario

Ontario is helping to create and maintain over 100 good jobs and boost economic growth in Eganville by supporting the expansion of a local sawmill.
 
This support will help fast-growing local mill Lavern Heideman & Sons Ltd. to grow its business and increase efficiency by modernizing its infrastructure, purchasing new equipment and consolidating operations. The project will maintain 90 existing jobs and create 18 new positions at the mill.
 
Lavern Heideman & Sons is the first recipient of the province's Forestry Growth Fund. Ontario is continuing its support for the forestry sector to help the industry boost innovation, increase production capacity, increase competitiveness and expand into new markets, while ensuring resources are managed sustainably.
 
Supporting Ontario's growing forest sector is part of our plan to create jobs, grow our economy and help people in their everyday lives.
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U.S.-China Trade “Truce” + U.S. Fed Cuts Rates Again

Video: U.S.-China Trade “Truce” + U.S. Fed Cuts Rates Again


The market was hoping for a US-China trade deal, but we got a trade “truce” for now from the keenly awaited Trump-Xi meeting at the APEC Summit.
China commits to minimum purchase commitments of 12 MMT of U.S. soybeans during the “current season” and a minimum of 25 MMT annually through 2028.
U.S. Treasury Sec Bessent said other Asian countries have agreed to buy additional 19 MMT of US soybean.
Soybean futures trading above $11 now- they normally tend to rally to $12.
As expected, US Fed cuts interest rates by -0.25% again in October to 3.75%–4.00%. No further cuts promised for this year but trade looking out to the Dec FOMC.
The Bank of Canada cut interest rates to 2.25% but raised concern over trade war damage.
Soy meal futures, remarkably, have had 14 consecutive higher close sessions. A bull market in soybeans is a bull market in soy meal!
Cattle futures lower as funds unwind out of cattle for now due to Trump headlines and objective to lower beef prices.
All major stock indices climb to new record highs. It was Mag 7 reporting week, which had mixed results. But we now have the first $5 trillion company in Nvidia!