Canadian Financial Close: Canadian dollar backs down

By MarketsFarm WINNIPEG, July 23 (MarketsFarm) – The Canadian dollar was lower at market close on Tuesday, backing away from previously observed highs. The dollar finished the day at US$0.7609 or US$1=C$1.3142, which compares with Monday’s close of US$0.7632 or US$1=C$1.3103. Global stock performances were stoked higher by an announcement that United States Trade Representative […] Read more

North American Grain/Oilseed Review: Markets lacking direction By Glen Hallick, MarketsFarm WINNIPEG, July 23 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were steady to higher on Tuesday, in another day of light activity. A trader said canola will remain choppy for the time being, due to the lack of direction in the Chicago markets. […] Read more

ICE canola midday: Trading choppy, looking for direction

By Glen Hallick, MarketsFarm WINNIPEG, July 23 (MarketsFarm) – ICE Futures canola contracts were trading either side of steady at midday Tuesday, in another session of light activity. A Winnipeg-based trader said the canola market will likely remain choppy until it gets some direction from the markets in the United States. “Canola goes up half […] Read more


ICE canola mostly unchanged on Tuesday

By Marlo Glass, MarketsFarm WINNIPEG, July 23 (MarketsFarm) – The ICE Futures canola market was mostly unchanged on Tuesday morning, remaining range-bound during a morning of light volumes. Improving growing conditions across North America mean markets are slowly starting to lose their weather premiums. However, there are still dry areas in the Canadian Prairies, which […] Read more

Canadian dollar and business outlook

By MarketsFarm WINNIPEG, July 23 (MarketsFarm) – The Canadian dollar was weaker early Tuesday, as broad-based strength in the United States dollar index pressured the loonie. At 8:59 CDT Tuesday morning the Canadian dollar was at US$0.7602 or C$1.3154 which compares with Monday’s North American close of US$0.7632 or C$1.3103. The U.S. dollar index hit […] Read more


Global Markets: Brexit hardliner the UK’s next PM

By MarketsFarm WINNIPEG, July 23 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Brexit hardliner Boris Johnson will become the next Prime Minister of the United Kingdom on Wednesday. On Tuesday, Conservative Party members gave Johnson, a former cabinet minister in Theresa May’s government, almost twice […] Read more

Canadian Financial Close: Canadian dollar slightly down

By MarketsFarm WINNIPEG, July 22 (MarketsFarm) – The Canadian dollar was slightly lower at market close on Monday. The dollar finished the day at US$0.7632 or US$1=C$1.3103, which compares with Friday’s close of US$0.7651 or US$1=C$1.3071. Global stock performances were mixed, stoked higher thanks to strong performances in technology shares. Investors anticipate the United States […] Read more

North American Grain/Oilseed Review: Canola starts the week lower

By Glen Hallick, MarketsFarm WINNIPEG, July 22 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were lower on Monday in light activity that saw the market correct after Friday’s bounce. Losses in the soy complex at the Chicago Board of Trade weighed on values. Agriculture and Agri-Food Canada (AAFC) issued its Outlook for Principal Crops […] Read more


ICE canola midday: Bids either side of steady

By Glen Hallick, MarketsFarm WINNIPEG, July 22 (MarketsFarm) – ICE Futures canola contracts were trading either side of steady at midday Monday, with support coming from a lower Canadian dollar, said a Winnipeg-based trader. As of mid-morning the loonie was at 76.23 U.S. cents, down from Friday’s close of 76.51. The trader said canola had […] Read more

Global Markets: Wholesale trade down

By MarketsFarm WINNIPEG, July 22 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Canadian wholesale trade dropped 1.8 per cent in May, according to a report Statistics Canada released on Monday. The drop was the first decline in five months and due to fewer motor vehicle […] Read more