Glacier FarmMedia | MarketsFarm – The Canadian dollar took a small step back on Thursday morning. The loonie was at US$0.7340 or US$1=C$1.3624 as of 8:28 a.m. CDT, compared to Wednesday’s close at US$0.7348 or US$1=C$1.3609. The United States Dollar Index was up 0.14 of a point at 97.35. Crude oil prices were climbing on trade […] Read more
Archives
Canadian Dollar and Business Outlook: Loonie steps back, crude oil rises
Canadian Financial Close: Loonie rises higher, gold falls
Glacier FarmMedia | MarketsFarm – The Canadian dollar continued its rise on Wednesday with its best close in nearly three weeks. The loonie ended Wednesday at US$0.7348 or US$1=C$1.3609, compared to US$0.7334 or US$1=C$1.3635 on Tuesday. The United States Dollar Index dropped 0.19 of a point at 97.20. U.S. President Donald Trump announced new trade deals […] Read more
North American Grain/Oilseed Review: Canola rebounds, grains retreat
Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange were higher on Wednesday. This was despite the November contract finding resistance at the C$700 per tonne psychological level as it closed in on its 20- and 50-day moving averages. Chicago soyoil, European rapeseed and Malaysian palm oil were also higher, supporting canola prices. Crude […] Read more
ICE Midday: Canola rises to end downturn
Glacier FarmMedia | MarketsFarm — Canola futures on the Intercontinental Exchange rebounded from recent losses in the middle of Wednesday trading, gaining strength from vegetable oils. The November contract was slightly below its 20- and 50-day averages. Chicago soyoil, European rapeseed and Malaysian palm oil made gains today. However, crude oil showed declines as the […] Read more
Global Markets: Carney ‘will not accept a bad deal’
Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. – Canadian Prime Minister Mark Carney met with the premiers at a summit in Huntsville, Ont. on Tuesday, telling them the federal government “will not accept a bad deal” with regards to trade negotiations between Canada […] Read more
Canadian Dollar and Business Outlook: Loonie stronger, crude oil slips again
Glacier FarmMedia | MarketsFarm – The Canadian dollar maintained its upward momentum on Wednesday morning. The loonie was at US$0.7348 or US$1=C$1.3609 as of 8:36 a.m. CDT, compared to Tuesday’s close at US$0.7334 or US$1=C$1.3635. The United States Dollar Index was up 0.12 of a point at 97.51. Crude oil prices slipped again as investors […] Read more
ICE Canada Morning Comment: Canola looking to recover
Increases in veg oils underpin canola's gains
By Glen Hallick Glacier Farm Media | MarketsFarm – Intercontinental Exchange canola futures were higher on Wednesday morning, looking to build on overnight increases. Support for canola came from gains in the Chicago soy complex, European rapeseed and Malaysian palm oil. Slight losses in crude oil tempered further increases in the vegetable oils. The Prairie […] Read more
Canadian Financial Close: Loonie rises, crude oil slips
Glacier FarmMedia | MarketsFarm – The Canadian dollar gained strength on Tuesday, closing at its highest level in 18 days. The loonie ended Tuesday at US$0.7334 or US$1=C$1.3635, compared to US$0.7303 or US$1=C$1.3693 on Monday. Earlier today, Canadian Prime Minister Mark Carney briefed the premiers on ongoing trade negotiations with the United States, telling reporters that he’ll […] Read more
North American Grain/Oilseed Review: Canola falls back, wheat rises
Glacier FarmMedia | MarketsFarm — Canola futures on the Intercontinental Exchange retreated further on Tuesday despite entering positive territory for a brief time. A stronger Canadian dollar and more rainfall on the Prairies put pressure on the oilseed. Chicago soyoil was down, but European rapeseed and Malaysian palm oil were up. Crude oil declined on […] Read more
ICE Midday: Canola retreats further into the red
Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange remained lower in the middle of trading on Tuesday as comparable oils weakened. Chicago soyoil and European rapeseed were also pulling back while Malaysian palm oil was higher. Crude oil lost almost US$1 per barrel due to prospects of softer demand and higher production […] Read more
