Canadian Financial Close: A slight upward nudge for the loonie

Crude fades as Francine subsidies

By Glen Hallick Glacier Farm Media|MarketsFarm – The Canadian dollar was relatively steady on Friday, even though its United States counterpart was lower and crude oil edged a little higher. The loonie closed at US$0.7361 or US$1=C$1.3586, compared to Thursday’s finish of US$0.7358 or US$1=C$1.3591. On the U.S. Dollar Index, the greenback gave up 0.223 […] Read more




ICE canola breaks sharply lower

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The ICE Futures canola market was sharply lower at midday Friday, falling below major chart support as some stops were likely triggered on the way down. The November contract broke below its former support at around C$560 per tonne and took out the next psychological level at […] Read more


Canadian Dollar and Business Outlook: Loonie pushes higher

Greenback lower, crude oil rises

By Glen Hallick Glacier FarmMedia MarketsFarm – The Canadian dollar edged higher on Friday morning, gleaning support from declines in its United States counterpart as well as upticks in crude oil. As of 8:38 am CDT, the loonie was at US$0.7367 or US$1=C$1.3577 compared to Thursday’s close of US$0.7358 or US$1=C$1.3591. On the U.S. Dollar […] Read more

ICE canola in decline heading into weekend

Glacier FarmMedia MarketsFarm – The ICE Futures canola market is showing some weakness on Friday morning, being pulled down by vegetable oils. Chicago soyoil, European rapeseed and Malaysian palm oil were all down to start the day. However, crude oil was making small gains. The Canadian dollar was up nearly one-tenth of a United States […] Read more


Global Markets: Canadian wholesale sales grow 0.4%

By Phil Franz-Warkentin   Glacier FarmMedia MarketsFarm – The following is a glance at the news moving markets in Canada and globally.   Canadian wholesale sales grew 0.4 per cent in July to hit C$82.7 billion, according to a report from Statistics Canada. There were increases in four of the seven subsectors, led by the […] Read more




Canadian Financial Close: Loonie holds firm

Doesn't take advantage of weaker greenback, stronger crude oil

By Glen Hallick Glacier Farm Media|MarketsFarm – The Canadian dollar was essentially unchanged on Thursday, despite favourable movements in the United States dollar and in crude oil. The loonie closed at US$0.7358 or US$1=C$1.3591, compared to Wednesday’s finish of US$0.7359 or US$1=C$1.3589. On the U.S. Dollar Index, the greenback lost 0.397 of a point at […] Read more