Glacier FarmMedia — The Canadian dollar was weaker relative to its United States counterpart on Wednesday, with a slowdown in the manufacturing sector underscoring expectations for another interest rate cut from the Bank of Canada The Canadian dollar settled at US$0.7174 or US$1=C$1.3940, which compares with Monday’s close of US$0.7183 or US$1=C$1.3921. There was […] Read more
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Canadian Financial Close: C$ weakens Wednesday
North American Grain/Oilseed Review: Canola, soybeans make gains
Glacier FarmMedia -– Canola futures on the Intercontinental Exchange corrected themselves on Wednesday after the November contract dropped below C$600/tonne for a brief period. Stronger soybean and vegetable oil prices underpinned gains. An analyst said the slow pace of exports and the ongoing canola harvest are pressuring prices. Another analyst said the contract might […] Read more
ICE Midday: Canola hits critical price level
Glacier FarmMedia – The November canola contract on the Intercontinental Exchange dipped below C$600 per tonne earlier today before returning above that mark. An analyst said the slow pace of exports and the ongoing canola harvest are pressuring prices. Another analyst said the contract might test March lows at around C$580/tonne. Both of them doubt […] Read more
Global Markets: U.S. government shuts down
The following is a glance at the news moving markets in Canada and globally. – United States President Donald Trump and Congress failed in a last-minute attempt to keep government programs and services running, causing the first U.S. government shutdown in more than six years starting today. A vote to extend government funding by […] Read more
Canadian Dollar and Business Outlook: Loonie, crude oil lower
The Canadian dollar moved downward on Wednesday morning. The loonie was at US$0.7170 or US$1=C$1.3947 as of 8:29 a.m. CDT, compared to Monday’s close at US$0.7183 or US$1=C$1.3921. The Bank of Canada did not post an exchange rate on Tuesday due to the National Day for Truth and Reconciliation. The United States Dollar […] Read more
ICE Canada Morning Comment: November canola around C$600
By Glen Hallick Glacier FarmMedia | MarketsFarm – Intercontinental Exchange canola futures were lower on Wednesday morning, after the market was closed yesterday for a holiday. While the nearby November contract continued to hover above C$600 per tonne, it dipped below that level before returning above that mark. The advancing Prairie harvest, along with declines […] Read more
Canadian Financial Close: Loonie dips with drop in crude
By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar stepped back a tenth of a cent on Monday, due to sharp declines in crude oil while losses in the United States dollar tempered any further pull backs. The loonie closed at US$0.7183 or US$1=C$1.3921 compared to Friday’s close of US$0.7173 or US$1=C$1.33941. […] Read more
North American Grain/Oilseed Review: Canola drops, U.S. grain mixed
Glacier FarmMedia — Canola futures on the Intercontinental Exchange ended Monday on a low note, being pressured by the harvest, weaker comparable oils and by the funds shifting from a near record long to going short. Agriculture and Agri-Food Canada released its September principal field crop estimates on Friday, using Statistics Canada data. The 2025-26 […] Read more
ICE Midday: Canola under pressure from oils, harvest
Glacier FarmMedia – Canola futures on the Intercontinental Exchange took another step lower in the middle of Monday trading, weakened by comparable oils and harvest pressure. Agriculture and Agri-Food Canada released its September principal field crop estimates on Friday, using Statistics Canada’s numbers to project the 2025-26 canola crop at 20.028 million tonnes, below some […] Read more
Global Markets: AAFC releases September estimates
Glacier FarmMedia – The following is a glance at the news moving markets in Canada and globally. – Agriculture and Agri-Food Canada released its September principal field crop estimates on Sept. 26. The production forecast for 2025-26 canola was 20.028 million tonnes. Some in the trade believe the crop could exceed 21 million. Exports […] Read more
