By MarketsFarm WINNIPEG, June 2 (MarketsFarm) – The Canadian dollar was higher on Tuesday morning as crude oil prices were making small gains and the Toronto Stock Exchange opened higher. As of 8:45 CDT, the Canadian dollar was at US$0.7392 or C$1.3534, compared to Monday’s close of US$0.7337 or C$1.3630. Benchmark crude oil prices were […] Read more
Market Wire
Canadian Dollar and Business Outlook: Loonie up more than a half cent
Canadian Financial Close: Loonie rises ahead of central bank announcement
By MarketsFarm WINNIPEG, June 1 (MarketsFarm) – The Canadian dollar was stronger on Monday, having made gains ahead of the Bank of Canada’s announcement on interest rate scheduled for Wednesday. The loonie finished the day at US$0.7337 or US$1=C$1.3630, compared to Friday when it closed at US$0.7253 or US$1=C$1.3787. Benchmark crude oil prices were lower […] Read more
North American Grain/Oilseed Review
By Marlo Glass, MarketFarm WINNIPEG, June 1 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were weaker on Monday, due to considerable strength in the Canadian dollar. The Canadian dollar was stronger by nearly a penny at midday, due to comparable weakness in the United States dollar. The loonie was around 73.6 cents. On Wednesday, […] Read more
ICE Canola Midday: Prices lower at midday
By Marlo Glass, MarketsFarm WINNIPEG, June 1 – ICE Futures canola contracts were lower on Monday, due to strength in the Canadian dollar. The Canadian dollar was stronger by over eight tenths of a cent at midday due to comparable weakness in the United States dollar. Trade tensions between the U.S. and China ramped up, […] Read more
ICE canola turns lower in early trade
By Phil Franz-Warkentin, MarketsFarm WINNIPEG, June 1 (MarketsFarm) – The ICE Futures canola market was mostly lower Monday morning, although activity was thin and choppy. After posting gains for most of the overnight session, canola drifted lower in the most active front months. A firm tone in the Canadian dollar, relatively favourable Prairie seeding weather, […] Read more
Canadian Dollar and Business Outlook: Loonie up amid higher U.S./China tensions
By MarketsFarm WINNIPEG, June 1 (MarketsFarm) – The Canadian dollar was higher on Monday morning relative to the United States dollar. As of 8:46 CDT, the Canadian dollar was at US$0.7296 or C$1.3708, compared to Friday’s close of US$0.7253 or C$1.3787. Benchmark crude oil prices were steady to lower Monday morning as OPEC and Russia […] Read more
Canadian Financial Close: C$ 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
