Glacier FarmMedia — The Canadian dollar was softer Thursday morning, as the United States currency saw some strength internationally. Talk that U.S. President Donald Trump was set to fire Federal Reserve Chair Jerome Powell had roiled currency markets on Wednesday, but Trump later walked back those comments. At 9:28 a.m. CDT the Canadian dollar was […] Read more
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Canadian dollar and business outlook
Global Markets: Carney imposes tariffs to protect Canadian steel industry
Attempting to stymie imports of cheap foreign steel
By Glen Hallick Glacier Farm Media | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. Canadian Prime Minister Mark Carney announced on Wednesday that 50 per cent tariffs will be slapped on imports of cheap foreign steel in order to bolster domestic production. Carney said […] Read more
ICE canola continues its choppy trade
Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange rebounded early Thursday from Wednesday’s sharp losses, strengthened by a weaker Canadian dollar and rising comparable oils. Chicago soyoil and European rapeseed were higher while Malaysian palm oil was slightly lower. Crude oil made gains due to inflamed tensions in the Middle East as […] Read more
Canadian Financial Close: C$ ends steady Wednesday
Glacier FarmMedia — The Canadian dollar was steady on the day at Wednesday’s close, recovering from three-week lows relative to its United States counterpart earlier in the session. The Canadian dollar settled at US$0.7293 or US$1=C$1.3712, which compares with Tuesday’s close of US$0.7294 or US$1=C$1.3710. The U.S. dollar was broadly weaker internationally amid reports President […] Read more
North American Grain and Oilseed Review: Canola falls hard
Increases for U.S. soy, corn as wheat mixed
By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures turned weaker on Wednesday, despite support from gains in the Chicago soy complex and Malaysian palm oil. Speculation that a deal would see China reopen its borders to Australian canola likely accounted for some of the selling pressure. A trader said he […] Read more
ICE Canola Midday: Declines ‘defy logic’ says trader
Believes there could more old crop canola still out there
By Glen Hallick Glacier Farm Media | MarketsFarm – Intercontinental Exchange canola futures remained lower late Wednesday morning, leaving at least one trader wondering why. “It defies logic,” the trader said. He suggested an influx of canola being hauled to Prairies elevators could be one reason for today’s losses. “There must be more canola out […] Read more
Canadian dollar and business outlook
Glacier FarmMedia — The Canadian dollar was weaker Wednesday morning. At 9:08 a.m. CDT the Canadian dollar was trading at US$0.7273 or US$1=C$1.3749 which compares with Tuesday’s close of US$0.7294 or US$1=C$1.3710. The income gap between the highest and lowest income households in Canada reached a record high in the first quarter of 2025 at […] Read more
Global Markets: Carney warns some tariffs might remain
Canada-U.S. trade talks proceeding to Aug. 1 deadline
By Glen Hallick Glacier Farm Media | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. As trade talks between Canada and the United States press on to their extended deadline of Aug. 1, Prime Minister Mark Carney warned a deal would likely include some tariffs. […] Read more
ICE canola retreats
Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange took a step back of Wednesday morning amidst mixed sentiment in comparable oils. Chicago soyoil and Malaysian palm oil were higher but European rapeseed was lower. There were also gains in Chicago soybeans and soymeal that spilled over into canola. Crude oil was down as […] Read more
Canadian Financial Close: C$ softens Tuesday
Glacier FarmMedia — The Canadian dollar was slightly weaker on Monday, as the latest inflation data The Canadian dollar settled at US$0.7294 or US$1=C$1.3710, which compares with Monday’s close of US$0.7303 or US$1=C$1.3693. Canada’s annual inflation rate bumped up to 1.9 per cent in June from 1.7 per cent the previous month, reported Statistics Canada. […] Read more
