By Glen Hallick Glacier FarmMedia | MarketsFarm – The Canadian dollar slipped on Monday morning, as crude oil prices were lower. As of 8:44 am CDT, the loonie was at US$0.7243 or US$1=C$1.3807 compared to Friday’s close of US$0.7253 or US$1=C$1.3788. On the U.S. Dollar Index, the greenback was down 0.190 of a point at […] Read more
Archives
Canadian Dollar and Business Outlook: Loonie eases back
Canadian Financial Close: Loonie higher, TSX sets new record
Glacier FarmMedia – The Canadian dollar gained some ground on Friday and will end the week on a high note. The loonie closed at US$0.7253 or US$1=C$1.3788, compared to US$0.7248 or US$1=C$1.3797 on Thursday. The dollar ended last week at US$0.7221 or US$1=C$1.3848. The United States Dollar Index was up 0.30 of a […] Read more
North American Grain and Oilseed Review: Canola falls back
Trade, dollar weigh on U.S. values By Glen Hallick, MarketsFarm Glacier FarmMedia MarketsFarm – Intercontinental Exchange canola futures closed lower on Friday, due to declines in comparable oil and the advancing Prairie harvest. There was weakness in Chicago soybeans and soyoil while soymeal eased back. Losses in European rapeseed and Malaysian palm oil added more […] Read more
ICE Canola Midday: Finding traction to the downside
By Glen Hallick Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange were lower late Friday morning, after starting the day trading either side of unchanged. “I don’t see anything that will move stuff dramatically,” an analyst said. Losses in Chicago soybeans and soyoil plus those in European rapeseed and Malaysian palm oil […] Read more
Global Markets: Canada, Mexico create strategic partnership
By Glen Hallick Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. A comprehensive strategic partnership between Canada and Mexico was reached on Thursday. Canadian Prime Minister Mark Carney joined Mexican President Claudia Sheinbaum in Mexico City to sign the agreement. The deal includes measures […] Read more
ICE canola weaker Friday morning
Glacier FarmMedia — The ICE canola market was weaker Friday morning, backing away from overnight gains as losses in Chicago soyoil weighed on prices. European rapeseed and Malaysian palm oil were also lower, although soybeans were holding near unchanged. Seasonal harvest pressure and ongoing concerns over lacking Chinese demand contributed to the softer tone in […] Read more
Canadian Dollar and Business Outlook: Loonie down, TSX flying high
Glacier FarmMedia — The Canadian dollar continued its downturn on Friday morning. The loonie was at US$0.7238 or US$1=C$1.3816 as of 8:30 a.m. CDT, compared to Thursday’s close at US$0.7248 or US$1=C$1.3797. The United States Dollar Index was up 0.31 of a point at 97.65. Crude oil prices declined as demand concerns […] Read more
Canadian Financial Close: Loonie, crude oil give up ground
Glacier FarmMedia – The Canadian dollar retreated further on Thursday, one day after the Bank of Canada and the United States Federal Reserve made identical key interest rate cuts. The loonie closed at US$0.7248 or US$1=C$1.3797, compared to US$0.7267 or US$1=C$1.3760 on Wednesday. The BoC announced yesterday it cut its overnight rate by 25 […] Read more
North American Grain and Oilseed Review: Canola’s increases fade away
Losses for soybeans, corn, wheat continue By Glen Hallick, MarketsFarm Glacier FarmMedia MarketsFarm – Intercontinental Exchange canola futures were unable to retain their gains on Thursday, due to declines in the Chicago soy complex. Additional pressure on canola came from losses in Malaysian palm oil, while decreases in crude oil weighed on vegetable oil values. […] Read more
ICE Canola Midday: Taking its cue from European rapeseed
By Glen Hallick Glacier FarmMedia | MarketsFarm – Canola futures on the Intercontinental Exchange were climbing higher late Thursday morning, after reversing course from the declines in the overnight session. A trader said canola was following the gains in European rapeseed, which he called “a bit peculiar.” Normally, canola aligns more closely with the movements […] Read more
