Canadian dollar and business outlook

By MarketsFarm WINNIPEG, June 29 (MarketsFarm) – The Canadian dollar was steady on Monday morning.      At 8:50 CDT Monday morning the Canadian dollar was at US$0.7313 or US$1=C$1.3674, which compares with Friday’s North American close of US$0.7312 or US$1=C$1.3676. Global stock indices started the week mixed due to concerns that the COVID-19 pandemic is […] Read more

Global Markets: Iran calls for arrest of President Trump

By MarketsFarm WINNIPEG, June 29 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. A top Iranian prosecutor has issued arrest warrants for United States President Donald Trump and 30 others who were believed to have been involved in the January 3 drone strike that killed General Qassem […] Read more

Canadian Financial Close: C$ weakens with oil

By MarketsFarm WINNIPEG, June 26 (MarketsFarm) – The Canadian dollar was weaker on Friday, seeing a continuation of the selling pressure that weighed on the currency earlier in the week. The Canadian dollar closed at US$0.7312 or US$1=C$1.3676, which compares with Thursday’s North American close of US$0.7329 or US$1=C$1.3645. Losses in crude oil amid renewed […] Read more


North American Grain/Oilseed Review

By Marlo Glass, MarketFarm WINNIPEG, June 26 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were lower at Friday’s close, after trading choppily for most of the day. Statistics Canada will release their principal field crop acreage estimates on Monday. Traders expect canola area will be revised downward from March’s estimate of 20.615 million acres. […] Read more

ICE Canola Midday: Prices show strength at midday

By Marlo Glass, MarketsFarm WINNIPEG, June 26 – ICE Futures canola contracts were mostly stronger at midday Friday, bouncing back slightly from losses incurred earlier in the week. Weakness in the Canadian dollar supported canola prices. The dollar was under 73 United States cents at midday, which is around a 10-day low. Losses in Chicago’s […] Read more


ICE canola mostly higher Friday morning

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, June 26 (MarketsFarm) – The ICE Futures canola market was mostly higher Friday morning, although activity was thin and choppy ahead of the weekend. Statistics Canada releases updated acreage estimates on Monday, June 29, and pre-report positioning accounted for some of the activity. Traders generally expect canola area will come […] Read more

Global Markets: U.S. reports 40,000 new COVID-19 cases in one day

By MarketsFarm WINNIPEG, June 26 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. There were 40,000 new COVID-19 cases reported in the United States on Friday, which is an all-time high. Arizona, Texas, and Florida have been hit particularly hard. The dramatic increase has been partially attributed […] Read more

Canadian Dollar and Business Outlook: Loonie continues to retreat

By MarketsFarm WINNIPEG, June 26 (MarketsFarm) – The Canadian dollar was down on Friday morning, getting little direction from crude prices. As of 8:40 CDT, the Canadian dollar was at US$0.7313 or C$1.3677, compared to Thursday’s close of US$0.7329 or C$1.3645. Benchmark crude oil prices were either side of steady Friday morning after making gains […] Read more


Canadian Financial Close: C$ weakens to 10-day lows

By MarketsFarm WINNIPEG, June 25 (MarketsFarm) – The Canadian dollar was weaker on Thursday, touching its lowest level relative to its United States counterpart in 10 days. The Canadian dollar closed at US$0.7329 or US$1=C$1.3645, which compares with Wednesday’s North American close of US$0.7358 or US$1=C$1.3591. Ratings-agency Fitch downgraded Canada from AAA status to AA+ […] Read more

North American Grain/Oilseed Review

WINNIPEG, June 25 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts were lower at Thursday’s close, as positive weather forecasts bode well for growing conditions in the Canadian Prairies. Weakness in Chicago soyoil was also prevented gains for canola prices. Nearby contracts were down by about a tenth of a cent after losing half of […] Read more