Canadian Financial Close: Loonie ends week on downturn

WINNIPEG – The Canadian dollar hit its lowest point since August on Friday as investors positioned themselves ahead of Monday’s federal election against a stronger United States dollar. The loonie was at US$0.7861 or US$1=C$1.2721 on Friday, up from Thursday’s close of US$0.7890 or US$1=C$1.2674. The U.S. Dollar Index jumped 0.28 of a point at […] Read more

North American Grain and Oilseed Review: Canola front months overcome earlier losses

By Glen Hallick, MarketsFarm WINNIPEG, Sept. 17 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were slightly lower in the most actively traded contracts on Friday, with small gains in the more deferred positions. Canola began the day with losses, but worked its way upward as Chicago soyoil values also stepped well away from their lows. […] Read more

ICE Canola Midday: Prices down due to weak soy complex

By Glen Hallick, MarketsFarm WINNIPEG, Sept. 17 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were lower at midday Friday, as declines in the Chicago soy complex weighed on values. There had been support from European rapeseed, which hit new contract highs this week. However, it’s now mixed with gains only in the front month. Malaysian […] Read more


Global Markets: COVID-19 vaccines given brand names

WINNIPEG – The following is a glance at the news moving markets in Canada and globally. – Health Canada announced on Thursday it has approved brand names for the COVID-19 vaccines from Pfizer-BioNTech, Moderna and AstraZeneca. The Pfizer vaccine will now be known as Comirnaty, the Moderna vaccine will go by SpikeVax, and the AstraZeneca […] Read more

ICE canola down with beans early Friday

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Sept. 17 (MarketsFarm) – The ICE Futures canola market was weaker Friday morning, taking some direction from the Chicago Board of Trade soy complex. Positioning ahead of the weekend added to the declines, as canola remains overpriced despite the tight supply situation. Demand is already being rationed at current price […] Read more


Canadian Dollar and Business Outlook: Loonie staying put

Compiled by Glen Hallick, MarketsFarm WINNIPEG, Sept. 17 (MarketsFarm) – The Canadian dollar was holding firm on Friday morning, as the United States was little moved as well. As of 8:31 CDT, the Canadian dollar was virtually unchanged at US$0.7891 or C$1.2675 compared to Thursday’s close of US$0.7890 or C$1.2674. On the U.S. Dollar Index, […] Read more

Canadian Financial Close: Loonie drops, gold freefalls

WINNIPEG – The Canadian dollar fell below the 79 cent United States mark on Thursday due to a stronger U.S. dollar and a decline in Canadian housing starts. The loonie was at US$0.7890 or US$1=C$1.2674 on Thursday, up from Wednesday’s close of US$0.7905 or US$1=C$1.2651. The Canadian Mortgage and Housing Corporation reported on Thursday the […] Read more

North American Grain and Oilseed Review: Canola turns lower in final trading hour

By Glen Hallick, MarketsFarm WINNIPEG, Sept. 16 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures turned lower on Thursday, unable to fend off the downward pressure from declines in Chicago soyoil. Saskatchewan Agriculture issued its weekly crop report this afternoon, citing the province-wide harvest of all major crops was at 74 per cent complete. The combining […] Read more


ICE Canola Midday: Holding on to small gains

By Glen Hallick, MarketsFarm WINNIPEG, Sept. 16 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were slightly higher at midday Thursday, in choppy trading that wasn’t getting a lot of direction from other markets. A trader commented that canola crashed by C$7 to C$9 per tonne at Wednesday’s close, but still finished a little stronger. “The […] Read more

Global Markets: Alberta implements COVID-19 measures

WINNIPEG – The following is a glance at the news moving markets in Canada and globally. – Alberta Premier Jason Kenney announced on Wednesday the province will immediately implement new measures to combat COVID-19 including restrictions on gatherings and a proof-of-vaccination program to enter certain businesses and public buildings. The province has also declared a […] Read more