Archives

By Commodity News Service Canada WINNIPEG, December 22 – The following is a glance at the news moving markets globally. BRAZIL’S LOAN DEFAULTS HIT THREE-YEAR HIGH Unpaid bank loans (for at least 90 days) moved to a three-year-high in November according to reports out of Brazil. Brazil’s default ratio came in at the equivalent of […] Read more

By Commodity News Service Canada WINNIPEG, December 21 The Canadian dollar weakened slightly against its US counterpart on Monday, as crude oil prices fell further. At 8:40 a.m. CST, the Canadian dollar was at US$0.7169 or C$1.3949 which compares with Friday’s North American close of US$0.7171, or C$1.3945. At 8:40 a.m., New York Mercantile crude […] Read more

By Commodity News Service Canada WINNIPEG, December 21 – The following is a glance at the news moving markets globally. OIL FUTURES FALL TO 11-YEAR-LOW On Monday Brent crude oil futures fell to levels not seen since 2004. Oil production is high in the midst of a global supply glut, which is driving prices lower. […] Read more

By Commodity News Service Canada WINNIPEG, December 18 The Canadian dollar weakened against its US counterpart on Friday, as Statistics Canada released data reflecting contraction in wholesale trade, and crude oil futures fell. At 8:40 a.m. CST the Canadian dollar was at US$0.7158 or C$1.3970 which compares with Thursday’s North American close of US$0.7168, or […] Read more

By Commodity News Service Canada WINNIPEG, December 18 – The following is a glance at the news moving markets globally. OIL FUTURES EXPECTED TO SEE THIRD WEEK OF DECLINES Crude oil futures were stronger in early activity on Friday, but investors expected oil futures to decline on the week—for the third week in a row. […] Read more

By Commodity News Service Canada WINNIPEG, December 17 – The following is a glance at the news moving markets globally. US FED INTRODUCES RAISE HIKE The US Federal Reserve has introduced an interest rate increase for the first time in almost ten years. On Wednesday the Fed announced the 0.25 per cent increase, adding that […] Read more

By Commodity News Service Canada WINNIPEG, December 16 – The following is a glance at the news moving markets globally. MARKETS POSITION AHEAD OF US FEDERAL RESERVE ANNOUNCEMENT The US Federal Reserve will be announcing its decision on whether or not to raise interest rates Wednesday. The widespread belief is that the Fed will raise […] Read more

By Commodity News Service Canada WINNIPEG, December 15 – The following is a glance at the news moving markets globally. MARKETS POSITION AHEAD OF US FEDERAL RESERVE MEETING Members of the US Federal Reserve will be meeting on Wednesday—many market watchers expect the Fed will raise interest rates before the end of the year. If […] Read more

By Commodity News Service Canada WINNIPEG, December 14 The Canadian dollar strengthened against its US counterpart on Monday as the loonie saw some recovery, but still hovered near an 11-and-a-half year low on weakness in crude oil. At 8:45 a.m. CST the Canadian dollar was at US$0.7284 or C$1.3729 which compares with Friday’s North American […] Read more

By Commodity News Service Canada WINNIPEG, December 14 – The following is a glance at the news moving markets globally. CRUDE OIL FUTURES FALL FOR SEVEN STRAIGHT SESSIONS Monday marked crude oil’s longest losing streak since 2014 as the commodity fell seven sessions in a row. Brent crude oil futures and West Texas Intermediate have […] Read more