Canadian financial close: C$ strengthens Wednesday

Glacier FarmMedia — The Canadian dollar was stronger on Wednesday. The Canadian dollar settled at US$0.7307 or US$1=C$1.3685, which compares with Tuesday’s close of US$0.7295 or US$1=C$1.3708. Solid corporate earnings data from the Bank of Montreal and the National Bank of Canada lent some support to the currency. Canadian Prime Minister Mark Carney will visit […] Read more








ICE Midday: Downward momentum for canola

Glacier FarmMedia – Canola futures on the Intercontinental Exchange returned to negative territory in the middle of Wednesday trading due to lower comparable oils and a stronger Canadian dollar. An analyst said canola’s declines can be attributed to those of Chicago soyoil, while expecting their respective rallies to run out. European rapeseed and Malaysian palm […] Read more

ICE Canada Morning Comment: Canola steps back

By Glen Hallick Glacier FarmMedia – Canola futures on the Intercontinental Exchange pushed lower on Wednesday morning, following Chicago soyoil, Malaysian palm oil and MATIF rapeseed to the downside. There were also losses in Chicago soybeans but soymeal was higher. Gains in crude oil lent support to the vegetable oils. The May canola contract held […] Read more



Canadian financial close: C$ softens Tuesday

Glacier FarmMedia — The Canadian dollar was slightly softer on Monday, dipping below 73 U.S. cents. The Canadian dollar settled at US$0.7295 or US$1=C$1.3708, which compares with Monday’s close of US$0.7305 or US$1=C$1.3689. Quarterly earnings data released Tuesday by Scotiabank beat expectations, with strong growth reported in the wealth management and capital markets divisions. Adjusted […] Read more