Glacier FarmMedia – The following is a glance at the news moving markets in Canada and globally. – Canadian Trade Minister Dominic Leblanc and United States Commerce Secretary Howard Lutnick had a “constructive and lengthy” meeting in Washington, D.C. on Tuesday morning. A source told CBC News that the meeting was extended from one hour […] Read more
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Global Markets: Leblanc, Lutnick have ‘constructive’ meeting
Canadian Dollar and Business Outlook: Loonie steps back
Glacier FarmMedia – The Canadian dollar was lower on Wednesday morning. The loonie was at US$0.7216 or US$1=C$1.3858 as of 8:36 a.m. CDT, compared to Tuesday’s close at US$0.7227 or US$1=C$1.3837. The United States Dollar Index was up 0.34 of a point at 98.57. Crude oil prices were slightly higher on Wednesday as the trade […] Read more
ICE Canada Morning Comment: Canola pulling back
StatCan to publish production report Thursday
By Glen Hallick Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange were lower on Wednesday morning, following small declines in the Chicago soy complex. Gains in European rapeseed and Malaysian palm oil helped to offset the losses in canola. Modest upticks in crude oil lent some support to the vegetable oils. Statistics […] Read more
Canadian Financial Close: Very little movement for loonie
Glacier FarmMedia — The Canadian dollar remained relatively steady on Tuesday despite another day of losses for crude oil. The loonie closed at US$0.7227 or US$1=C$1.3837 on Tuesday, compared to US$0.7228 or US$1=C$1.3835 on Monday. The United States Dollar Index declined 0.23 of a point at 98.20. Crude oil prices corrected themselves as uncertainty over […] Read more
North American Grain/Oilseed Review: Canola down, soybeans up
Glacier FarmMedia – Canola futures on the Intercontinental Exchange took a downturn on Tuesday, pressured by weakness in comparable oils. Chicago soyoil lost more than one United States cent per pound while European rapeseed and Malaysian palm oil were also down. Crude oil fell more than US$1 per barrel despite tensions between Russia and Ukraine. […] Read more
ICE Midday: Canola pressured by weaker oils
Glacier FarmMedia – Canola futures on the Intercontinental Exchange were under pressure from weakness in comparable oils. Chicago soyoil lost nearly two United States cents per pound, with more declines in European rapeseed and Malaysian palm oil. Crude oil was also down despite Ukraine’s recent attacks on Russian power plants. An analyst said Chicago soyoil […] Read more
Global Markets: Canada, Mercosur to restart trade talks
Glacier FarmMedia – The following is a glance at the news moving markets in Canada and globally. – Canada will resume negotiations towards a new free-trade agreement with the South American Mercosur bloc, Canada and Brazil announced on Monday in Brasilia. The bloc, which consists of Brazil, Argentina, Uruguay and Paraguay, is a major exporter […] Read more
Canadian Dollar and Business Outlook: Loonie, crude oil retreat
Glacier FarmMedia – The Canadian dollar eased off on Tuesday morning due to declines in crude oil. The loonie was at US$0.7220 or US$1=C$1.3850 as of 8:33 a.m. CDT, compared to Monday’s close at US$0.7228 or US$1=C$1.3835. The United States Dollar Index was down 0.18 of a point at 98.25. Crude oil prices were lower on […] Read more
ICE Canada Morning Comment: Canola slips lower
Canadian oilseed forfeits overnight gains
By Glen Hallick Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange saw overnight gains fade into small losses on Tuesday morning, pulled down by weaker vegetable oils. There were losses in Chicago soyoil, Malaysian palm oil and European rapeseed, as declines in crude oil weighed on the veg oils. Canola garnered some […] Read more
Canadian Financial Close: Loonie, crude oil rise higher
Glacier FarmMedia – The Canadian dollar maintained its positive momentum on Monday, aided by gains in crude oil and despite a strong gain in the United States dollar. The loonie closed at US$0.7228 or US$1=C$1.3835 on Monday, compared to US$0.7218 or US$1=C$1.3854 on Friday. The U.S. Dollar Index added 0.70 of a point at 98.42. Crude […] Read more
