Canadian Financial Close: C$ weakens

By MarketsFarm WINNIPEG, Aug. 3 (MarketsFarm) – The Canadian dollar was weaker on Tuesday, as losses in crude oil and general uncertainty in world financial markets amid rising cases of the COVID-19 Delta variant weighed on the currency. The Canadian dollar closed at US$0.7971 or US$1=C$1.2545 on Tuesday, which compares with Friday’s North American close […] Read more

North American Grain/Oilseed Review: Canola corrects higher late Tuesday

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Aug. 3 (MarketsFarm) – The ICE Futures canola market was mostly higher at Tuesday’s close, recovering from earlier losses amid ongoing concerns over drought conditions across Western Canada. Declines in the Chicago Board of Trade soy complex put some early pressure on the Canadian oilseed, with speculators taking profits on […] Read more

ICE canola weakens with spec selling at midday

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Aug. 3 (MarketsFarm) – The ICE Futures canola market was weaker at midday Tuesday, as losses in the Chicago Board of Trade soy complex spilled over to weigh on values. Speculators were noted sellers in the canola market, taking profits on their long positions. However, hot and dry Prairie weather […] Read more


ICE canola continues lower to start week

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Aug. 3 (MarketsFarm) – The ICE Futures canola market was weaker Tuesday morning seeing a continuation of last week’s selloff. While hot and dry Prairie weather conditions remained supportive, bearish technical signals kept speculators on the sell side in canola. Losses in the Chicago Board of Trade soy complex contributed […] Read more

Canadian Dollar and Business Outlook: Loonie tumbles

WINNIPEG, August 3(MarketsFarm) – The Canadian dollar fell back below 80 cents United States on Tuesday. As of 8:52 a.m. CDT, the loonie was at US$0.7954 or US$1=C$1.2572, compared to US$0.8024 or US$1=C$1.2462 when markets closed on Friday. Crude oil dropped on Tuesday, a major factor in the loonie’s decline. Brent crude oil fell US$1.25 […] Read more


Global Markets: Iran to lift “tyrannical” sanctions: president

WINNIPEG – The following is a glance at the news moving markets in Canada and globally. – Incoming Iranian president Ebrahim Raisi said in a televised speech on Tuesday he would lift “tyrannical” sanctions imposed on his country by the United States, which had been in effect for three years. Raisi, who himself is under […] Read more

Canadian Financial Close: C$ edges lower

By MarketsFarm WINNIPEG, July 30 (MarketsFarm) – The Canadian dollar was slightly weaker at Friday’s close, seeing a modest correction after Thursday’s rally ahead of the weekend. The Canadian dollar closed at US$0.8024 or US$1=C$1.2462 on Friday, which compares with Thursday’s North American close of US$0.8032 or US$1=C$1.2450. Canada’s gross domestic product contracted by 0.3 […] Read more

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

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, July 30 (MarketsFarm) – The ICE Futures canola market was sharply lower on Friday, dropping below major chart support levels as long liquidation built on itself ahead of the weekend. The canola market will be closed Monday, Aug. 2, for Terry Fox Day, while futures in the United States will […] Read more


ICE canola dropping sharply on Friday

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, July 30 (MarketsFarm) – The ICE Futures canola market was weaker at midday Thursday, posting large losses as speculators liquidated long positions ahead of the weekend. “I think canola is being ambushed,” said a Winnipeg-based trader on the speculative money flows in the market. He said the relatively thin volumes […] Read more

Canadian Dollar and Business Outlook: Loonie, Canada’s economy up

WINNIPEG – The Canadian dollar is consolidating Thursday’s gains after receiving good economic news on Friday. As of 8:34 a.m. CDT, the loonie was at US$0.8043 or US$1=C$1.2433, compared to US$0.8032 or US$1=C$1.2450 when markets closed on Thursday. Statistics Canada reported Friday morning that Canada’s economy grew at an annualized rate of 2.5 per cent […] Read more