Canadian Financial Close: Loonie down despite oil, stock gains

WINNIPEG, March 5 (MarketsFarm) – The Canadian dollar was slightly lower against the United States dollar on Friday despite rising oil prices, Canada’s first trade surplus (C$1.4 billion) since May 2019 and Health Canada’s approval of the one-dose Johnson & Johnson COVID-19 vaccine. The loonie finished at US$0.7894 or US$1=C$1.2668, compared to Thursday’s close of […] Read more

North American Grain and Oilseed Review: Canola finishes week higher

By Glen Hallick, MarketsFarm WINNIPEG, March 5 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were higher on Friday, benefitting from a sharp spike in Chicago soyoil. A trader noted that the reduced increases in canola, compared to Thursday’s gains, could have been a sign of profit-taking ahead of the weekend. Tight canola supplies remained supportive […] Read more

ICE Canola Midday: Profit-taking looms as prices move higher

By Glen Hallick, MarketsFarm WINNIPEG, March 5 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were higher at midday Friday, on commercial buying and support from Chicago soyoil, according to a Winnipeg-based trader. However, he cautioned that could change during the remainder of today’s session. “It is Friday, I wouldn’t be surprised for one second to […] Read more


ICE canola up again Friday morning

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, March 5 (MarketsFarm) – The ICE Futures canola market was stronger Friday morning, amid ongoing concerns over tight old crop supplies and the need to ration demand. Weekly grain handling statistics from the Canadian Grain Commission showed that 240,000 tonnes of canola were exported during the week ended Feb. 28. […] Read more

Global Markets: Airlines to receive bailout, says union leader

WINNIPEG, March 5 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Unifor president Jerry Dias told CBC News on Thursday that the federal government and Canada’s airlines are in the final stages of negotiations in the hopes of a bailout package totalling at least C$7 billion. […] Read more


Canadian Dollar and Business Outlook: Loonie slips on higher greenback

Compiled by Glen Hallick, MarketsFarm WINNIPEG, March 5 (MarketsFarm) – The Canadian dollar was lower Friday morning, as its United States counterpart made gains. Meanwhile, higher crude oil prices helped to temper declines in the loonie. As of 8:38 CST, the Canadian dollar was at US$0.7897 or C$1.2663, compared to Thursday’s close of US$0.7913 or […] Read more

Canadian Financial Close: Oil rises, stocks tumble

WINNIPEG, March 4 (MarketsFarm) – The Canadian dollar was relatively steady against the United States dollar on Thursday while oil prices rose and stocks went down in the face of surging U.S. Treasury bond yields. The loonie finished at US$0.7913 or US$1=C$1.2637, compared to Monday’s close of US$0.7917 or US$1=C$1.2631. On the U.S. Dollar Index, […] Read more



ICE Canola Midday: Tight supplies driving up prices

By Glen Hallick, MarketsFarm WINNIPEG, March 4 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were stronger at midday Thursday, with contracts hitting new highs. The May contract topped off at C$797.30 per tonne before easing back from its daily limit. The impetus for the spike is due to tight supplies of old crop, said a […] Read more

ICE canola hits new highs Thursday morning

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, March 4 (MarketsFarm) – The ICE Futures canola market was up sharply Thursday morning, posting new record highs in many months. A rally in Chicago Board of Trade soyoil and a move to fresh contract highs in European rapeseed futures contributed early spillover support to canola. The need to ration […] Read more