Canadian Financial Close: Loonie breaks out of holding pattern, only to drop

By MarketsFarm WINNIPEG, Nov. 7 (MarketsFarm) – The Canadian dollar was weaker at market close on Friday, due to Statistics Canada’s monthly job report. The loonie finished the day at US$0.7563 or US$1=C$1.3223, which compares with Thursday’s close of US$0.7590 or C$1.3176. While experts projected a gain of 15,000 jobs in Canada for September, the […] Read more

North American Grain/Oilseed Review

WINNIPEG, Nov. 8 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished stronger on Friday, bouncing back from previous lows following the World Agriculture Supply Demand Estimates (WASDE) from the United States Department of Agriculture (USDA). The WASDE reported projected ending stocks— including Malaysian palm oil, European rapeseed, and canola—to be the lowest level in […] Read more

Canola prices stable to higher at midday Friday

By Marlo Glass, MarketsFarm WINNIPEG, Nov. 7 (MarketsFarm) – The ICE Futures canola market was steady to stronger on Friday morning, ahead of the World Agriculture Supply Demand Estimate (WASDE) from the United States Department of Agriculture (USDA) which will be released at 11 a.m. CST. Trade expectations are split in regards to the WASDE’s […] Read more


ICE canola steady in thin trade Friday morning

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Nov. 8 (MarketsFarm) – The ICE Futures canola market was holding near unchanged Friday morning, in thin and choppy as participants await the latest United States of Department Agriculture production and supply/demand reports out later in the day. The USDA releases its monthly reports at 11:00 CST, with any surprises […] Read more

Global Markets: Canadian economy lost 1,800 jobs in October

By MarketsFarm WINNIPEG, Nov. 8 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Canada’s economy lost 1,800 jobs in October, as the number of full-time jobs fell by 16,100. However, that was offset by 14,300 part-time jobs added to the economy. Economists expected the economy to […] Read more


Canadian Dollar and Business Outlook: Loonie drops on jobs report

By MarketsFarm WINNIPEG, Nov. 8 (MarketsFarm) – The Canadian dollar was weaker Friday morning after Statistics Canada released its latest jobs report which contained something unexpected. As of 8:36 CDT, the Canadian dollar was at US$0.7555 or C$1.3235. That compares to Thursday’s North American close of US$0.7588 or C$1.3179. The markets were surprised when Statistics […] Read more

Canadian Financial Close: Little movement in loonie, as stock, oil make gains

By MarketsFarm WINNIPEG, Nov. 7 (MarketsFarm) – The Canadian dollar was steady at market close on Thursday, as gains in the Toronto Stock Exchange outweighed lower prices for Canadian crude oil. The loonie finished the day at US$0.7590 or US$1=C$1.3176, which compares with Wednesday’s close of US$0.7588 or C$1.3179. Gains were made in the stock […] Read more

North American Grain/Oilseed Review

WINNIPEG, Nov. 7 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished lower on Thursday, retreating from previous highs due to lack of follow-through buying. One trader noted that markets were range-bound, lacking a strong sense of direction. The announcement that China will resume importing Canadian pork and beef sparked some optimism regarding a trade […] Read more


Canola prices steady midday Thursday

By Marlo Glass, MarketsFarm WINNIPEG, Nov. 7 (MarketsFarm) – The ICE Futures canola market was steady to stronger on Thursday morning, backing off from previous highs due to lack of follow-through buying. One Winnipeg-based trader remarked that markets were range-bound and lacking a strong sense of direction. “[Markets] look like they want to do one […] Read more

Global Markets: Maple Leaf Foods to become carbon neutral

By MarketsFarm WINNIPEG, Nov. 7 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Canada’s Maple Leaf Foods Inc. has announced that it plans to reduce its environmental impact by becoming carbon neutral. Chief executive officer Michael McCain said “the global food system must change dramatically if […] Read more