By MarketsFarm WINNIPEG, Feb. 4 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Russian President Vladimir Putin met with China’s Xi Jinping on Friday, affirming a strategic alliance between the two countries. In a joint statement, China backed Russia’s opposition to NATO expansion. The meeting came […] Read more
Market Wire
Global Markets: China/Russia announce strategic alliance
Canadian Dollar and Business Outlook: Canada lost 200,100 jobs in January
WINNIPEG – A negative jobs report from Statistics Canada prefaced a lower start for the Canadian dollar on Friday. As of 8:39 a.m. CST, the loonie was at US$0.7827 or US$1=C$1.2776, compared to US$0.7887 or US$1=C$1.2679 on Thursday. Canada’s central data agency reported that 200,100 jobs were lost in January due to the Omicron COVID-19 […] Read more
ICE Canada Morning Comment: Canola being pulled both ways
By Glen Hallick, MarketsFarm WINNIPEG, Feb. 4 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were narrowly mixed on Friday morning, in an attempt to erase overnight declines. There was support coming from gains in the Chicago soy complex, as well as global crude oil prices. However, weakness in Malaysian palm oil (which was back trading […] Read more
Canadian Financial Close: Loonie flat while oil rises, stocks plunge
WINNIPEG – The Canadian dollar was flat on Thursday as oil prices jumped and the stock market took a plunge. The loonie was at US$0.7887 or US$1=C$1.2679 on Thursday, up from Wednesday’s close of US$0.7888 or US$1=C$1.2677. The United States Dollar Index declined 0.58 of a point to 95.36. Benchmark crude oil prices were higher […] Read more
North American Grain/Oilseed Review: Canola ends mixed
By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Feb. 3 (MarketsFarm) – The ICE Futures canola market was mixed at Thursday’s close, after a choppy day that saw the most active front months trade to both sides of unchanged. Speculative positioning was a feature, with the old/new crop spreads widening on the day. Losses in Chicago Board of […] Read more
ICE canola steady to lower in choppy trade
By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Feb. 3 – (MarketsFarm) – The ICE Futures canola market was steady to lower at midday Thursday, with the nearby March contract holding near unchanged and losses in the more deferred positions. Activity was choppy, with a mixed tone in the Chicago Board of Trade soy complex contributing to the […] Read more
Global Markets: Conservatives name Candice Bergen interim leader
By MarketsFarm WINNIPEG, Feb. 3 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Candice Bergen, Member of Parliament of southern Manitoba’s Portage-Lisgar riding, has been voted interim leader of the federal Conservative Party. She follows Erin O’Toole, who was ousted from his role on Wednesday. Bergen […] Read more
Canadian Dollar and Business Outlook: Loonie steady, Meta has record plunge
WINNIPEG – The Canadian dollar was mostly steady on Thursday while crude oil prices were on the decline. As of 8:36 a.m. CST, the loonie was at US$0.7893 or US$1=C$1.2669 on Thursday, compared to US$0.7888 or US$1=C$1.2677 on Wednesday. The United States Dollar Index was down 0.36 points at 95.58. The Bank of England announced […] Read more
ICE Canada Morning Comment: Canola attempting to overcome losses
By Glen Hallick, MarketsFarm WINNIPEG, Feb. 3 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were trying to shed their overnight losses on Thursday morning. However, pressure was coming from losses in the Chicago soybeans and soyoil, as well as European rapeseed. Support came from gains in Chicago soymeal. The Malaysian palm oil market was closed […] Read more
Canadian Financial Close: Loonie slowly rising against U.S. greenback
WINNIPEG – The Canadian dollar closed Wednesday slightly higher as the United States dollar stepped back. The loonie was at US$0.7888 or US$1=C$1.2677 on Wednesday, up from Tuesday’s close of US$0.7878 or US$1=C$1.2694. The United States Dollar Index declined 0.38 of a point to 96.01. A report from ADP released on Wednesday showed a loss […] Read more
