By Glen Hallick Glacier FarmMedia | MarketsFarm – The Canadian dollar pulled back on Wednesday morning, following the Bank of Canada’s announcement to freeze its key interest rates at 2.75 per cent. As of 8:56 am CDT, the loonie was at US$0.7239 or US$1=C$1.3814 compared to Tuesday’s close of US$0.7262 or US$1=C$1.3771. Later today at […] Read more
Archives
Canadian Dollar and Business Outlook: BoC holds rates
U.S. Fed makes its rate call at 1 CDT
ICE canola slips back
Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange corrected themselves on Wednesday morning, continuing a week of up-and-down trade. Chicago soyoil and European rapeseed were lower while Malaysian palm oil was slightly higher. Crude oil also made gains, but those were softened after the United States threatened 25 per cent tariffs on […] Read more
Global Markets: Tsunami warnings downgraded
Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally. Tsunami warnings triggered by a Russian earthquake were being downgraded Wednesday morning. The 8.8 magnitude quake in the Pacific Ocean near eastern Russia’s Kamchatka region sent tsunami waves towards Russia, Japan, Hawaii, and the West Coast of […] Read more
Canadian Financial Close: Loonie slips prior to expected interest rate freeze
BoC announcement at 8:45, the Fed at 1
By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar gave up a quarter cent on Tuesday, ahead of two key announcements tomorrow. The Bank of Canada is set to announce its next interest rate move on Wednesday at 8:45 a.m. CDT and the United States Federal Reserve will reveal its key rate […] Read more
North American grain/oilseed review: Canola rises Tuesday
Glacier FarmMedia — The ICE Futures canola market was stronger on Tuesday, moving back above some key technical levels in the process as a rally in Chicago soyoil and a weaker tone in the Canadian dollar provided support. Weather concerns in parts of the Prairies also underpinned the futures. The November contract settled back above […] Read more
ICE canola posting solid gains at midday Tuesday
Glacier FarmMedia — The ICE Futures canola market was stronger at midday Tuesday, taking back Monday’s losses. Gains in Chicago soyoil provided some spillover support, although an analyst said there was no real fundamental reason behind the strength. European rapeseed held near unchanged while Malaysian palm oil was slightly firmer. The November contract was trading […] Read more
ICE canola turning around on Tuesday
Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange were higher on Tuesday morning, gaining strength from comparable oils. Chicago soyoil and Malaysian palm oil made gains, while European rapeseed was lower. Crude oil continued its positive momentum after the United States and the European Union struck a new trade deal over the […] Read more
Canadian Dollar and Business Outlook: Stronger U.S. dollar pushing loonie lower
Higher crude limiting Canadian dollar's slip
By Glen Hallick Glacier FarmMedia | MarketsFarm – The Canadian dollar dipped on Tuesday morning as its United States counterpart continued to gain strength. As of 8:37 am CDT, the loonie was at US$0.7263 or US$1=C$1.3767 compared to Monday’s close of US$0.7287 or US$1=C$1.3723. On the U.S. Dollar Index, the greenback was up 0.435 of […] Read more
Global Markets: Union Pacific to buy Norfolk Southern
Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally. Union Pacific announced plans to purchase smaller Norfolk Southern for US$85 billion on Tuesday. If approved, the deal would create the first coast-to-coast freight rail operator for the United States. Union Pacific is primarily concentrated across the […] Read more
Canadian Financial Close: Loonie gives up tenth of a cent
BoC, Fed to announce interest rates on Wednesday
By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar eased back on Monday, positioning ahead of Wednesday’s interest rate announcements from the Bank of Canada and the United States Federal Reserve. With both central banks likely to freeze their rates, the loonie finished at US$0.7287 or US$1=C$1.3723, compared to Friday’s close of […] Read more
