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Global Markets: Coronavirus spreading in China, other countries

By MarketsFarm WINNIPEG, Jan. 21 (MarketsFarm) – The following is a glance at the news moving markets in Canada and globally. – Six people have died from a coronavirus outbreak in China with more than 300 confirmed cases as of Tuesday. The coronavirus hasn’t been contained to Wuhan and is spreading throughout China with cases […] Read more

ICE canola down early Tuesday

By Phil Franz-Warkentin, MarketsFarm WINNIPEG, Jan. 21 (MarketsFarm) – The ICE Futures canola market was weaker Tuesday morning, as sharp declines in the Chicago Board of Trade soy complex weighed on prices to start the day. Soyoil was down by roughly half a cent per pound, while soybeans also posted large losses as activity in […] Read more

Canadian Dollar and Business Outlook: Loonie holding firm

By MarketsFarm WINNIPEG, Jan. 21 (MarketsFarm) – The Canadian dollar was virtually unchanged Tuesday morning ahead of tomorrow’s interest rate announcement from the Bank of Canada. As of 8:38 CST, the Canadian dollar was at US$0.7662 or C$1.3054. That compares to Monday’s North American close of US$0.7661 or C$1.3053. It’s widely expected on Wednesday that […] Read more

Canadian Financial Close: Loonie firm ahead of interest rate announcement

By MarketsFarm WINNIPEG, Jan. 20 (MarketsFarm) – The Canadian dollar was steady at market close on Monday, ahead of the Bank of Canada’s next interest rate announcement on Wednesday. The loonie finished the day at US$0.7661 or US$1=C$1.3053, which compares with Friday’s close of US$0.7656 or C$1.3062. It’s widely expected the central bank will keep […] Read more

North American Grain and Oilseed Review: Higher loonie curbs canola purchasing

By Glen Hallick, MarketsFarm WINNIPEG, Jan. 20 (MarketsFarm) – Intercontinental Exchange (ICE) Futures canola contracts finished steady to lower Monday, spurred on by the rise in the Canadian dollar. By mid-afternoon Monday, the loonie climbed to 76.64 U.S. cents, compared to Friday’s close of 76.56. The stronger dollar made canola less attractive to importers. However, […] Read more

ICE canola midday: Buying nudges up prices

By Glen Hallick, MarketsFarm WINNIPEG, Jan. 20 (MarketsFarm) – ICE Futures canola contracts were slightly higher at midday Monday as there could increases in the Chicago soy complex on Tuesday, according to a Winnipeg-based trader. “The odds are we’re going to get a firmer start tonight following the buying on Friday. Therefore, traders want to […] Read more

Canadian dollar and business outlook

By MarketsFarm WINNIPEG, Jan. 20 (MarketsFarm) – The Canadian dollar was holding near unchanged Monday morning in thin and choppy activity as markets in the United States were closed for Martin Luther King Jr. Day. At 8:56 CST Monday morning the Canadian dollar was at US$0.7655 or C$1.3063 which compares with Friday’s North American close […] Read more