Canadian Financial Close: Loonie bounces back ahead of long weekend

By MarketsFarm WINNIPEG, July 31 (MarketsFarm) – The Canadian dollar was slightly higher on Friday, benefitting from the Statistics Canada report on the economy. The loonie finished at US$0.7460 or US$1=C$1.3404, compared to Thursday when it closed at US$0.7445 or US$1=C$1.3432. The federal agency’s report said the Canadian economy grew 4.5 per cent in May […] Read more

North American Grain/Oilseed Review: Canola up ahead of long weekend

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, July 31 (MarketsFarm) – The ICE Futures canola market was stronger on Friday, testing fresh six-month highs once again as speculative traders remained on the buy side. Gains in Chicago soyoil and solid export demand also provided some support. However, resistance held to the upside, with the November contract unable […] Read more

ICE canola rises with soyoil at midday

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, July 31 (MarketsFarm) – The ICE Futures canola market was stronger at midday Friday, as a rally in Chicago Board of Trade soyoil provided spillover support. Speculative fund buying added to the gains, as canola retested its nearby highs. However, resistance was holding to the upside, with the November contract […] Read more


ICE canola futures: Prices slightly higher Friday morning

By Marlo Glass, MarketsFarm WINNIPEG, July 31 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were steady to higher on Friday morning, bouncing back from losses incurred yesterday. Strength in Chicago soyoil was a supportive factor for canola prices. Nearby Chicago soyoil contracts were stronger by about a third of a cent in early morning […] Read more

Canadian Dollar and Business Outlook: Loonie remains firm

By MarketsFarm WINNIPEG, July 31 (MarketsFarm) – The Canadian dollar was steady Friday morning, despite gains in crude oil and a positive economic report from Statistics Canada. As of 8:37 CDT, the Canadian dollar was at US$0.7447 or C$1.3428, compared to Thursday’s close of US$0.7445 or C$1.3432. Statistics Canada said the country’s economy grew by […] Read more


Global Markets: Hong Kong to delay election one year

By MarketsFarm WINNIPEG, July 31 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Hong Kong’s upcoming September Legislative Council election will be delayed for a year, after current chief executive Carrie Lam invoked emergency measures amid concerns over the COVID-19 pandemic. The delay is seen as […] Read more

Canadian Financial Close: Oil pushes loonie lower

By MarketsFarm WINNIPEG, July 30 (MarketsFarm) – The Canadian dollar dropped four-tenths of a cent on Thursday due to weakness in crude oil. The loonie finished at US$0.7445 or US$1=C$1.3432, compared to Wednesday when it closed at US$0.7485 or US$1=C$1.3360. Benchmark crude oil prices were lower on Thursday, following a Department of Commerce report that […] Read more

North American Grain/Oilseed Review: Canola corrects lower

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, July 30 (MarketsFarm) – The ICE Futures canola market was weaker on Thursday, backing away from nearby highs as speculators took profits and the recent strength encouraged some farmer selling. The November contract had hit a fresh six-month high of C$493.70 in early trade, before retreating to end at C$490.10 […] Read more


ICE canola mixed at midday Thursday

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, July 30 (MarketsFarm) – The ICE Futures canola market was mixed at midday Thursday, as conflicting outside influences had the market seeing some consolidation after its recent gains. A weaker tone in the Canadian dollar and gains in Chicago Board of Trade soyoil provided some spillover support for canola. Solid […] Read more

Canadian Dollar and Business Outlook: Loonie retreats from 75 U.S. cents

By MarketsFarm WINNIPEG, July 30 (MarketsFarm) – The Canadian dollar was down Thursday morning, as crude oil and equities lost ground. As of 8:45 CDT, the Canadian dollar was at US$0.7460 or C$1.3407, compared to Wednesday’s close of US$0.7485 or C$1.3360. Benchmark crude oil prices were lower on Thursday morning, as another global glut looms […] Read more