Canadian Financial Close: Tariffs pull loonie lower

Trudeau announces counter measures to Trump tariffs

By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar pulled back on Tuesday, as the financial markets reacted to the tariffs imposed by United States President Donald Trump. The loonie closed Tuesday at US$0.6902 or US$1=C$1.4489, compared to Monday’s finish of US$0.6931 or US$1=C$1.4428. On the U.S. Dollar Index, the greenback fell […] Read more









ICE canola drops sharply as trade war begins

By Phil Franz-Warkentin   Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was sharply lower at midday Tuesday, as oilseed markets reacted to the developing trade war triggered by U.S. import tariffs and resulting retaliation. The U.S. is a major destination for Canadian canola oil, with that business now facing 25 per cent […] Read more

Global Markets: Trade war begins

Glacier FarmMedia | MarketsFarm — The following is a glance at the news moving markets in Canada and globally.   The North American trade war began overnight, with nearly all Canadian and Mexican goods now facing 25 per cent import tariffs into the United States. Canada has already announced some retaliatory measures, and Prime Minister […] Read more


Canadian Dollar and Business Outlook: Trump gets trade war

Trudeau to announce retaliatory measures this morning

By Glen Hallick Glacier FarmMedia MarketsFarm – The Canadian dollar slipped lower on Tuesday morning in light of the 25 per cent tariffs United States President Donald Trump imposed on Canada and Mexico. As of 8:41 am CST, the loonie was at US$0.6915 or US$1=C$1.4461 compared to Monday’s close of US$0.6931 or US$1=C$1.4428. On the […] Read more

Tariffs topple ICE canola

The ICE Futures canola market retreated on Tuesday morning after United States President Donald Trump imposed tariffs on Canadian, Mexican and Chinese goods starting today. The tariffs were also felt in other markets. Chicago soyoil, European rapeseed and Malaysian palm oil were all in the red, while crude oil also declined. Despite a weakened U.S. […] Read more