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Global Markets: Biden vows to finish term

Says it's "the best way to unite our nation"

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By Glen Hallick   Glacier Farm Media MarketsFarm – The following is a glance at the news moving markets in Canada and globally.   United States President Joe Biden addressed the nation Wednesday evening, stating that he won’t resign the presidency after ending his re-election campaign on Sunday. Biden said that his decision to drop […] Read more
Futures

ICE canola starts day into the red

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Glacier FarmMedia MarketsFarm – The ICE Futures canola market declined on Thursday morning, following weakness in most comparable oils. Chicago soyoil and European rapeseed were lower to start the day, while crude oil also took a step back due to economic concerns in China. However, Malaysian palm oil was higher. The Canadian dollar was down two-tenths […] Read more
Currency Markets

Canadian Dollar and Business Outlook: More declines for loonie

BoC rate decision still being felt

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By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar was lower on Thursday morning as yesterday’s Bank of Canada rate cut still weighed on values. As of 8:35 am CDT, the loonie was at US$0.7234 or US$1=C$1.3821 compared to Wednesday’s close of US$0.7250 or US$1=C$1.3794. On the United States Dollar Index, the greenback […] Read more
Currency Markets

Canadian Financial Close: Rate cut pulls down loonie

BoC imposes second reduction this year

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By Glen Hallick Glacier Farm Media MarketsFarm – The Canadian dollar slipped lower on Wednesday, following this morning’s interest rate announcement from the Bank of Canada. The BoC cut 25 basis points from its key lending rate, dropping it to 4.5 per cent. It’s the second consecutive reduction the central bank has implemented this year. […] Read more
Futures

North American Grain and Oilseed Review: Canola pulls back with lower veg oils

A mixed bag in the U.S. markets

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By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures were mostly lower on Wednesday, with the only gain coming in the deferred July position. A trader said canola was due for a correction after spec fund short covering along with a good amount of farmer selling. He noted that farmers were […] Read more

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