Canadian Dollar and Business Outlook: Loonie benefits from weaker U.S. dollar

StatCan reports trade deficit at C$7.5 million

By Glen Hallick Glacier FarmMedia MarketsFarm – The Canadian dollar gained more ground on Thursday morning, as its United States counterpart slipped back. As of 8:42 am CDT, the loonie was at US$0.7332 or US$1=C$1.3637 compared to Wednesday’s close of US$0.7312 or US$1=C$1.3677. On the U.S. Dollar Index, the greenback gave up 0.370 of a […] Read more



Canadian Financial Close: Loonie closes above 73 U.S. cents

BoC holds key rates steady

Canadian Financial Close: Loonie closes above 73 U.S. cents By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar added a quarter on Wednesday, busting through the 73-cent mark following the interest rate announcement from the Bank of Canada. The loonie finished at US$0.7312 or US$1=C$1.3677, compared to Tuesday’s close of US$0.7287 or […] Read more









ICE canola mixed at midday Wednesday

By Phil Franz-Warkentin Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was narrowly mixed at midday Wednesday, with the old crop July contract showing some strength and the new crop months posting small losses. July canola was trading just below C$700 per tonne at midday, running into resistance after an earlier attempt at […] Read more

Global Markets: BoC freezes rates

Economic uncertainty guides decision

By Glen Hallick   Glacier Farm Media MarketsFarm – The following is a glance at the news moving markets in Canada and globally.   The Bank of Canada held its key interest rate at 2.75 per cent on Wednesday. The Canadian central bank said economic uncertainty due to United States tariffs was the primary reason […] Read more