Dealers Cervus & Rocky Mountain Post Mixed 2Q Results

Western Canada’s two publicly held farm equipment dealerships, Rocky Mountain Dealerships and Cervus Equipment Corp., reported second-quarter earnings one day apart, and results for both reflect the ongoing sluggishness of farm machinery sales throughout North America. While Cervus fared somewhat better than Rocky overall, both dealer groups noted that increased foreign exchange premiums on equipment manufactured in the U.S. is dampening demand for new ag equipment in western Canada.

Rocky Mountain. Rocky, which posted its…

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