Compiled by Glen Hallick, MarketsFarm WINNIPEG, Jan. 11 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Prior to appearing before the United States Senate Banking Committee on Tuesday, U.S. Federal Reserve Chair Jerome Powell publicly acknowledged that inflation has exacted a toll on “those less able […] Read more
Market Wire
Global Markets: Powell admits inflation has taken a toll
ICE canola weakens with profit-taking
By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Jan. 11 (MarketsFarm) – The ICE Futures canola market was weaker Tuesday morning, retreating from overnight gains as speculative traders took profits on their large long positions. A downturn in the Chicago Board of Trade soy complex contributed to the softer tone in canola, with soyoil retreating from its own […] Read more
Canadian Dollar and Business Outlook: Loonie, crude oil on the rise
WINNIPEG – The Canadian dollar crossed the 79 United States cent mark on Tuesday as crude oil prices jumped. As of 8:36 a.m. CST, the loonie was at US$0.7908 or US$1=C$1.2531 on Tuesday, compared to US$0.7887 or US$1=C$1.2679 on Monday. The U.S. Dollar Index held steady at 95.99. Federal Reserve chair Jerome Powell will appear […] Read more
Canadian Financial Close: Loonie flat, crude oil lower
WINNIPEG – The Canadian dollar finished Monday just short of its closing rate prior to the weekend. The loonie was at US$0.7887 or US$1=C$1.2679 on Monday, down from Friday’s close of US$0.7895 or US$1=C$1.2666. The United States Dollar Index increased 0.24 of a point to 95.96. Benchmark crude oil prices were lower on Monday as […] Read more
North American Grain and Oilseed Review: Canola down, but off of earlier lows
By Glen Hallick, MarketsFarm WINNIPEG, Jan. 10 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures remained lower on Monday, but away from double-digit declines earlier in the session. Pressure came from significant declines in the Chicago soy complex, as well as European rapeseed. Malaysian palm was down in its front month, but had small gains for […] Read more
ICE Canola Midday: Prices stepping back with soy complex
By Glen Hallick, MarketsFarm WINNIPEG, Jan. 10 (MarketsFarm) – Intercontinental Exchange (ICE) canola futures were lower at midday Monday, following the declines in the Chicago soy complex. In particular soybeans were in retreat, losing well in excess of 20 cents per bushel due to South American weather concerns. However, canola had come away from larger […] Read more
ICE canola narrowly mixed Monday morning
By Phil Franz-Warkentin, MarketsFarm WINNIPEG, July 10 (MarketsFarm) – The ICE Futures canola market was narrowly mixed Monday morning, seeing some consolidation to start the week after setting fresh contract highs on Friday. Early losses in Chicago Board of Trade soybeans put some spillover pressure on canola, although soyoil was mixed. Malaysian palm oil was […] Read more
Canadian Dollar and Business Outlook: Loonie steady, TSX tumbles
WINNIPEG – The Canadian dollar held steady on Monday. As of 8:36 a.m. CST, the loonie was at US$0.7895 or US$1=C$1.2666, same as its closing rate on Friday. The United States Dollar Index jumped 0.48 of a point to 96.20, as U.S. Treasury yields continue to rise. Benchmark crude oil prices were mixed on Monday […] Read more
Global Markets: U.S./Russia talks begin today
Compiled by Glen Hallick, MarketsFarm WINNIPEG, Jan. 10 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Negotiations between the United States and Russia began on Monday with the focus on Ukraine. Fears that a large Russian troop build-up along the border with Ukraine could lead to […] Read more
Canadian Financial Close: Loonie jumps after employment data release
WINNIPEG – The Canadian dollar reversed direction on Friday, closing just shy of the 79 United States cent mark. The loonie was at US$0.7895 or US$1=C$1.2666 on Friday, up from Thursday’s close of US$0.7849 or US$1=C$1.2741. On Friday, Statistics Canada announced that the country added 54,700 jobs in December, with the unemployment rate falling to […] Read more
