Canadian Financial Close: Loonie climbs a pinch to close out week

By MarketsFarm WINNIPEG, Sept. 18 (MarketsFarm) – The Canadian dollar bumped up a little on Friday, getting support from increases in wholesale trade and retail sales reports. The dollar finished at US$0.7584 or US$=C$1.3186, compared to Thursday’s close of US$0.7576 or US$1=C$1.3200. Statistics Canada reported the wholesale trade rose 4.3 per cent in July, more […] Read more

North American Grain/Oilseed Review: Canola steadies after recent gains

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Sept. 18 (MarketsFarm) – The ICE Futures canola market Canola settled narrowly mixed on Friday, with losses in the front months and gains in the more deferred positions as contracts saw some consolidation after rallying for most of the past month. Seasonal harvest pressure also weighed on values, with forecasts […] Read more

ICE canola narrowly mixed at midday Friday

WINNIPEG, Sept. 18 (MarketsFarm) – The ICE Futures canola market was trading to either side of unchanged at midday Friday, seeing some consolidation ahead of the weekend after posting large gains in recent sessions. Canola climbed above former longtime chart resistance to hit fresh two-year highs over the past week, making the market look overbought […] Read more


Global Markets: U.S. to ban TikTok downloads

WINNIPEG, Sep. 18 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – The United States government will ban Americans from downloading the Chinese-owned TikTok and WeChat apps as of this upcoming Sunday, amid U.S. concerns that the apps pose a national security threat. TikTok will still function […] Read more

ICE canola futures: Prices lower Friday morning

By Marlo Glass, MarketsFarm WINNIPEG, Sept. 18 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were weaker on Friday morning, correcting lower after hitting substantial highs in yesterday’s trade. Nearby soyoil contracts were down by about a tenth of a cent in early morning trade, contributing to the lower tone for canola. The Canadian dollar […] Read more


Canadian Dollar and Business Outlook: Loonie holding firm

By MarketsFarm WINNIPEG, Sept. 18 (MarketsFarm) – The Canadian dollar was relatively steady on Friday morning, getting a little bit of strength from the Statistics Canada report citing retail sales rose 0.6 per cent in July. As of 8:44 CDT, the Canadian dollar was at US$0.7584 or C$1.3192, compared to Thursday’s close of US$0.7576 or […] Read more

Canadian Financial Close: Loonie at three-week low

By MarketsFarm WINNIPEG, Sept. 17 (MarketsFarm) – The Canadian dollar was lower Thursday, as Western Canadian Select crude oil failed to keep pace with gains in major benchmark crudes. The loonie dropped to its lowest since Aug. 25. The dollar finished at US$0.7576 or US$=C$1.3200, compared to Wednesday’s close of US$0.7594 or US$1=C$1.3168. WCS crude […] Read more

North American Grain/Oilseed Review: Canola hits fresh highs again

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Sept. 17 (MarketsFarm) – The ICE Futures canola market was stronger on Thursday, hitting fresh contract highs as bullish technical signals and gains in Chicago Board of Trade soybeans kept fund traders on the buy side. A lack of significant selling pressure on the other side, with farmers busy with […] Read more


ICE canola keeps pressing higher at midday Thursday

WINNIPEG, Sept. 17 (MarketsFarm) – The ICE Futures canola market was stronger at midday Thursday, seeing follow-through buying after Wednesday’s break above psychological chart resistance. The November contract settled above C$530 per tonne on Sept. 16, marking the first close above that level in more than two years. The move was bullish from a chart […] Read more

Global Markets: Sally downgraded to tropical depression

WINNIPEG, Sep. 17 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Hurricane Sally was downgraded to a tropical depression, but was still bringing heavy rains and flooding along the southeastern United States on Thursday. At least one person has died from the storm, with hundreds of […] Read more