Canadian Financial Close: Loonie dips again

Greenback, crude oil increase

By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar continued to slip back on Wednesday The loonie closed on Wednesday at US$0.7031 or US$1=C$1.4223, compared to Tuesday’s finish of US$0.7046 or US$1=C$1.4193. On the U.S. Dollar Index, the greenback tacked on 0.105 of a point at 107.060. Benchmark crude oil prices edged […] Read more






ICE canola strengthens Wednesday morning

By Phil Franz-Warkentin   Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was stronger Wednesday morning, trading near three-month highs. Supportive technical signals and demand rationing underpinned values, as charts remain pointed higher and supplies continue to tighten. Malaysian palm oil was sharply higher in overnight trade, although that market was starting to […] Read more

Canadian Dollar and Business Outlook: Slight dip for loonie

Despite upticks in crude oil

By Glen Hallick Glacier FarmMedia MarketsFarm – The Canadian dollar slipped back on Wednesday morning. As of 8:35 am CST, the loonie was at US$0.7037 or US$1=C$1.4209 compared to Tuesday’s close of US$0.7046 or US$1=C$1.4193. On the United States Dollar Index, the greenback inched up 0.040 of a point at 106.995. Benchmark crude oil prices […] Read more





Canadian Financial Close: Loonie simmers a bit

StatCan releases January CPI data

By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar stepped back on Tuesday as the country saw a slight increase in inflation and the United States currency strengthened. The loonie closed on Tuesday at US$0.7046 or US$1=C$1.4193, compared to Friday’s finish of US$0.7059 or US$1=C$1.4201. On the U.S. Dollar Index, the greenback […] Read more

North American Grain and Oilseed Review: Old crop canola retreats from early gains

A positive tone in Chicago

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures failed to hang on to most of their gains in the old crop contracts on Tuesday, while the new crop positions were narrowly mixed. There were increases in Chicago soybeans and soyoil, as well as European rapeseed. Malaysian palm oil was relatively […] Read more