Canadian Financial Close: C$ edges down ahead of weekend

WINNIPEG, May 29 (MarketsFarm) – The Canadian dollar was slightly weaker on Friday, seeing some consolidation to end the week after posting sharp gains relative to its United States counterpart in recent sessions. The Canadian dollar closed at US$0.7253 or US$1=C$1.3787, which compares with Thursday’s North American close of US$0.7265 or US$1=C$1.3764. Canada’s gross domestic […] Read more

North American Grain and Oilseed Review: Canola lacks direction ahead of weekend

By Glen Hallick, MarketsFarm WINNIPEG, May 29 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts traded either side of steady on Thursday, as a lower Canadian dollar was balanced off by little direction from edible oils. The Canadian dollar was 72.55 U.S. cents at mid-afternoon compared to Thursday’s close of 72.65. Chicago soyoil was virtually […] Read more

ICE Canola Midday: Weaker loonie providing support for prices

By Glen Hallick, MarketsFarm WINNIPEG, May 29 (MarketsFarm) – ICE Futures canola contracts were steady to higher at midday Friday as the Canadian dollar retreats. A Winnipeg-based trader said the United States dollar is regaining lost strength, which is pushing down the loonie. The Canadian dollar was lower at 72.40 U.S. cents compared to Thursday’s […] Read more


Global Markets: Canada’s GDP plummets

By MarketsFarm WINNIPEG, May 29 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Statistics Canada reported on Friday that Canada’s gross domestic product shrank 8.2 per cent in the first quarter of 2020, due to the COVID-19 pandemic. That made for the largest decline in the […] Read more

Canadian dollar and business outlook

By MarketsFarm WINNIPEG, May 29 (MarketsFarm) – The Canadian dollar was holding steady Friday morning, as investors digested the country’s latest inflation data. At 8:36 CDT Friday morning the Canadian dollar was at US$0.7262 or C$1.3770 which compares with Thursday’s North American close of US$0.7265 or C$1.376480. Canada’s economy shrunk at an annualized rate of […] Read more


ICE canola futures: Prices slightly higher Friday morning

By Marlo Glass, MarketsFarm WINNIPEG, May 29 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were steady to higher on Friday morning, recovering slightly from losses incurred earlier in the week. According to Saskatchewan’s most recent crop report, seeding in the province is 80 per cent complete. That’s behind the average pace of 92 per […] Read more

Canadian Financial Close: C$ firm, but lags world currencies

By MarketsFarm WINNIPEG, May 28 (MarketsFarm) – The Canadian dollar was firmer on Thursday, but lagged most other major world currencies relative to the United States dollar. The Canadian dollar closed at US$0.7265 or US$1=C$1.3764, which compares with Wednesday’s North American close of US$0.7257 or US$1=C$1.3780. Canada’s current account deficit widened to C$11.1 billion in […] Read more

North American Grain/Oilseed Review

By Marlo Glass, MarketFarm WINNIPEG, May 28 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were weaker on Thursday, due to a lack of supportive news from outside markets. After a British Columbian judge ruled the extradition case against Huawei executive Meng Wanzhou could continue, China accused Canada of acting as an “accomplice” to the […] Read more


ICE Canola Midday: Prices lower at midday

By Marlo Glass, MarketsFarm WINNIPEG, May 28 – ICE Futures canola contracts were lower on Thursday due to a lack of supportive influences. After a British Columbian judge ruled the extradition case against Huawei executive Meng Wanzhou could continue, China has accused Canada of acting as an “accomplice” to the United States, according to Chinese […] Read more

Canadian dollar and business outlook

By MarketsFarm WINNIPEG, May 28 (MarketsFarm) – The Canadian dollar was holding relatively steady Thursday morning, seeing some consolidation after strengthening in recent sessions. At 8:53 CDT Thursday morning the Canadian dollar was at US$0.7254 or C$1.3785 which compares with Wednesday’s North American close of US$0.7257 or C$1.3780. Canada’s current account deficit widened to C$11.1 […] Read more