By MarketsFarm WINNIPEG, March 21 (MarketsFarm) – The Canadian dollar was weaker Thursday morning amid slipping crude oil prices. At 8:33 CDT Thursday morning the Canadian dollar was at US$0.7495 or C$1.3343, which compares with Wednesday’s North American close of US$0.7509 or C$1.3317. Benchmark crude oil prices were down Thursday morning as a lack of […] Read more
Market Wire
Canadian Dollar and Business Outlook: Slipping oil prices mean weaker loonie
Canadian Financial Close: Canadian dollar holds firm as oil prices gain
By MarketsFarm WINNIPEG, March 20 (MarketsFarm) – The Canadian dollar held steady at just over 75 U.S. cents on Tuesday. United States government data reported tightening domestic oil supplies, which buoyed Canadian currency. The Canadian dollar closed at US$.7509 or C$=1.3317, slightly down from Monday’s close of US$0.7523 or C$=1.329. The S&P/TSX Composite Index was […] Read more
North American Grain/Oilseed Review: Canola finishes steady
By Glen Hallick, MarketsFarm WINNIPEG, March 20 (MarketsFarm) – ICE Futures canola contracts posted very small gains at the end of trading on Wednesday. The technical bias has continued to remain on the upside, and traders used the weakness in canola as a buying opportunity. Also, canola has become more competitive with vegetable oils. A […] Read more
ICE canola midday: Bounce in bids likely short term
By Glen Hallick, MarketsFarm WINNIPEG, March 20 (MarketsFarm) – Canola bids are up midday Wednesday, but any expected bounce will not last long, according to a Winnipeg-based trader. While a lower Canadian dollar so far Wednesday is providing some support for canola bids, there is very little substantive to push prices up, he said. The […] Read more
Global Markets: Liberals announce federal budget
– Canada’s Liberal government unveiled their latest budget, which will run a deficit of about $19.3 billion. The budget includes up to $3.9 billion for dairy, egg and poultry farmers affected by recent global trade uncertainties. Conservatives criticized the Liberals for their deficit spending, as well as failing to deliver on their 2015 election promise […] Read more
ICE canola narrowly mixed Wednesday morning
By Phil Franz-Warkentin, MarketsFarm WINNIPEG, March 20 (MarketsFarm) – ICE Futures canola contracts were narrowly mixed Wednesday morning in thin and choppy activity. The nearby May contract was holding onto small gains, while the new crop months edged lower. Chicago Board of Trade soybeans were posting small losses, while soyoil futures were firmer. The Canadian […] Read more
Canadian Dollar and Business Outlook: The day after Morneau’s budget
By MarketsFarm WINNIPEG, March 20 (MarketsFarm) – The Canadian dollar was down Wednesday morning, as the markets begin to adjust to yesterday’s federal Liberal government’s budget. At 8:38 CDT Wednesday morning the Canadian dollar was at US$0.7506 or C$1.3318, which compares with Tuesday’s North American close of US$0.7523 or C$1.3292. The TSX/S&P Composite Index opened […] Read more
Canadian Financial Close: Liberals present 2019 budget as oil and markets slow
By MarketsFarm WINNIPEG, March 19 (MarketsFarm) – The Canadian dollar inched over 75 U.S. cents on Tuesday as the federal Liberal government presented their 2019 budget. The Canadian dollar closed at US$0.753 or C$=1.3292, which compares with Monday’s close of US$0.7493, or C$=1.3345. The S&P/TSX Composite Index was down by 63.27 to 16,188.10 points at […] Read more
North American Grain/Oilseed Review: Loonie, soyoil push canola downward
By Glen Hallick, MarketsFarm WINNIPEG, March 19 (MarketsFarm) – ICE Futures canola contracts were weaker at the end of trading on Tuesday, with pressure from a rising Canadian dollar and a decline in soyoil prices. The Canadian dollar pushed above 75 U.S. cents on Tuesday, ahead of the federal Liberal government’s budget, which is being […] Read more
ICE canola midday: Loonie, soyoil pushing down canola prices
By Glen Hallick, MarketsFarm WINNIPEG, March 19 (MarketsFarm) – Canola bids are well down midday Tuesday, because of pressure from a rising Canadian dollar and slipping soyoil prices. A Winnipeg-based trader pegged the rise of the dollar on the federal budget being introduced later on Tuesday. After closing at 74.93 United States cents yesterday, the […] Read more
