Targeting population and business growth in rural PEI

Nov 23, 2018

Central Bedeque, PE – The growth of rural communities comes in large part through population and business development. Since 1995, the Central Development Corporation (CDC) has been dedicated to working with communities and business to grow a stronger economy in central Prince Edward Island. Now, the CDC is building on its work by implementing the Welcoming Communities Program, a project designed to attract and retain newcomers to rural PEI and by introducing the Community Capacity Fund, an initiative that supports the delivery of consulting and strategic planning services to rural not-for-profit organizations.

Today, the Honourable Wayne Easter, Member of Parliament for Malpeque, on behalf of the Honourable Navdeep Bains, Minister of Innovation, Science, and Economic Development and Minister responsible for the Atlantic Canada Opportunities Agency (ACOA), along with the Honourable Pat Murphy, PEI Minister of Rural and Regional Development, announced more than $200,000 to support these two projects.

This investment builds on commitments made by the Government of Canada and the four Atlantic provinces to drive economic growth in the region through the Atlantic Growth Strategy, by supporting strategic initiatives and organizations that encourage rural development and immigration.

Source : Government of Canada

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!