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ICE canola trends higher

By Dave Sims, Commodity News Service Canada WINNIPEG, June 21 (CNS) – Canola contracts on the ICE Futures Canada platform were stronger at midday Thursday, propped up by speculative buying. Demand for canola remains steady with some traders saying China is kicking the tires on seeds and oil. Slow farmer selling and recent weakness in […] Read more

Canadian Dollar and Business Outlook

By Commodity News Service Canada June 21 (CNS Canada) – The Canadian dollar was steady early this morning, trading at C$1.3319 per U.S. dollar or US$0.7508 at 8:44 a.m. CDT. The Canadian dollar closed yesterday at C$1.3301, or US$0.7518. The U.S. dollar remained steady with a weekly drop in the U.S. jobless rate offsetting early […] Read more

ICE canola up with lower loonie

By Ashley Robinson, Commodity News Service Canada WINNIPEG, MB, June 21, 2018 (CNS Canada) – ICE Futures Canada canola contracts were mostly higher Thursday, as weakness in the Canadian dollar continued to provide support. Chicago Board of Trade soybean contracts were down due to trade concerns between the United States and China. Soyoil contracts were […] Read more

Global Markets: Trump backs off on family separation for illegal immigrant

By Commodity News Service Canada June 21 (CNS Canada) – The following is a glance at the news moving markets in Canada and globally. – United States President Donald Trump backed away from his tough stance of separating immigrant children from their parents at the U.S.-Mexico border following public outrage. Families will now be kept […] Read more

Ag balance sheet points to stable farm economy

CNS Canada — Canadian farmers saw their farm equity climb almost seven per cent last year compared to the year before — and Farm Credit Canada’s principal agricultural economist said that falls in line with FCC’s analysis. Data released by Statistics Canada on Wednesday showed 2017 farm equity climbed to $535.3 billion, up $34.6 billion […] Read more

Canadian Financial Close: Loonie dips with tariff pressure

By Commodity News Service Canada WINNIPEG, June 20 (CNS) – The Canadian dollar weakened relative to its U.S. counterpart on Wednesday. The loonie milled around in listless trade for much of the day, pressured by U.S. tariffs on imports of aluminium, soft lumber and steel. The loonie finished at US$0.7518 or C$1.3301, compared to Tuesday’s […] Read more