Understanding interest rates: FCC Food & Beverage Economics

There are many options available to borrow money. Different loan products have different payment flexibility, terms, and interest rates, and food & beverage entrepreneurs must understand the differences.  In this video, J.P. Gervais, FCC Chief Economist, explores the relationship between inflation and interest rates and how they impact financial risk management for businesses.   

What you’ll learn:   

• Why entrepreneurs should pay attention to the Bank of Canada’s overnight rate  

• How to differentiate between interest rate patterns and projections  

• Weighing short-term vs. long-term borrowing costs  

• Why communicating with your lender is important  

• How conducting a scenario analysis can help evaluate risk exposure   

Looking for more economic insights and expertise? Find tools and resources to help you manage your food and beverage business at FCC Knowledge.