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Global Markets: Oil jumps with new Middle East conflict

Carney says Canada supports U.S. strikes

By GFM Network News March 2, 2026

By Glen Hallick Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. Crude oil prices rose sharply higher on Monday morning following the United States and Israeli strikes on Iran over the weekend. U.S. attacks on Saturday killed Iranian Supreme Leader Ali Khamenei and several […] Read more

Currency Markets

Canadian Dollar and Business Outlook: Loonie down, crude oil jolted by attacks

By GFM Network News March 2, 2026

Glacier FarmMedia – The Canadian dollar pulled back on Monday morning despite Middle East attacks causing a surge in crude oil prices. The loonie was at US$0.7307 or US$1=C$1.3686 as of 8:34 a.m. CST, compared to Friday’s close at US$0.7330 or US$1=C$1.3642. The United States Dollar Index rose 0.85 of a point at 98.45. […] Read more

ICE canola climbs higher Monday

By GFM Network News March 2, 2026

Glacier FarmMedia — ICE canola futures were stronger Monday morning, hitting fresh six-month highs as rallies in outside markets provided spillover support. The escalating conflict in the Middle East after the United States and Israel attacked Iran over the weekend, and Iran retaliated against allied nations, sparked sharp gains in crude oil. Vegetable oil […] Read more

Currency Markets

Canadian financial close: C$ strengthens Friday

By GFM Network News February 27, 2026

Glacier FarmMedia — The Canadian dollar was stronger on Friday, as crude oil climbed higher and the United States dollar softened. The Canadian dollar settled at US$0.7330 or US$1=C$1.3642, which compares with Thursday’s close of US$0.7306 or US$1=C$1.3688. Canada’s real gross domestic product contracted by 0.2 per cent during the fourth quarter of 2025 after […] Read more

U.S. Grain/Oilseed Review: CBOT grains end week on high note

By GFM Network News February 27, 2026

Glacier FarmMedia – Friday was first notice day for March futures contracts on the Chicago Board of Trade. WHEAT prices rose by at least 15 United States cents per bushel on Friday, with the Chicago soft and Minneapolis spring varieties achieving multi-month highs. Warm temperatures and high winds in the U.S. Plains and Midwest regions […] Read more

ICE Closing Review: Canola retreats to pause rally

By GFM Network News February 27, 2026

Glacier FarmMedia – Canola futures on the Intercontinental Exchange were in negative territory on Friday despite rising comparable oils. Chicago soyoil was up slightly with an analyst saying any time it is between 60 to 65 United States cents per pound was “a bonus.” European rapeseed was mostly higher and Malaysian palm oil was up […] Read more

ICE Midday: Canola declines, crude oil surges

By GFM Network News February 27, 2026

Glacier FarmMedia – Canola futures on the Intercontinental Exchange were negative in the middle of Friday trading with the Chicago soy complex pulling back. Although Chicago soyoil was down slightly, an analyst said any time its value is between 60 to 65 U.S. cents per pound is “a bonus.” European rapeseed was mixed and Malaysian […] Read more

Currency Markets

Canadian dollar and business outlook

By GFM Network News February 27, 2026

Glacier FarmMedia — The Canadian dollar was stronger Friday morning despite mixed inflation data. At 9:32 a.m. CST the Canadian dollar was trading at US$0.7332 or US$1=C$1.3639 which compares with Thursday’s close of US$0.7306 or US$1=C$1.3688. Canada’s real gross domestic product contracted by 0.2 per cent during the fourth quarter of 2025 after rising 0.6 […] Read more

Global Markets: China to suspend some tariffs on Canadian goods

By GFM Network News February 27, 2026

Glacier FarmMedia – The following is a glance at the news moving markets in Canada and globally. – China confirmed on Friday it will suspend some tariffs on Canadian agricultural products beginning March 1. China will suspend 100 per cent surcharges on Canadian canola meal and pea imports, as well as 25 per cent […] Read more

ICE Canada Morning Comment: China announces expected tariff move

By GFM Network News February 27, 2026

By Glen Hallick Glacier FarmMedia – Canola futures on the Intercontinental Exchange turned around to pull back on Friday morning, after posting gains in the overnight session. China announced it’s suspending its 100 per cent tariff on imports of Canadian agricultural products effective March 1. This is part of a trade deal Canada struck with […] Read more