Canadian Financial Close: Loonie slips back

By Glen Hallick Glacier FarmMedia – The Canadian dollar stepped back on Wednesday, giving up about a tenth of a cent despite increased crude oil prices. The loonie finished at US$0.7360 or US$1=C$1.3587 compared to Tuesday’s close of US$0.7371 or US$1=C$1.3567. On the United States Dollar Index, the greenback rose 0.406 of a point at […] Read more



ICE review: Canola strengthens with crude oil

 Glacier FarmMedia — The ICE Futures canola market was stronger on Wednesday, but off its session highs at the close as profit-taking came forward to weigh on values. The May contract hit a high of C$742.50 per tonne, settling about nine dollars below that at C$733.30 per tonne. The escalating conflict in the Middle East […] Read more


ICE canola climbing higher at midday Wednesday

Glacier FarmMedia — ICE Futures canola contracts were sharply higher at midday Wednesday, as gains in crude oil and other vegetable oil markets were supportive. The escalating conflict in the Middle East provided the catalyst for much of the activity in the futures, with rising oil prices said to be leading to increased demand for […] Read more



ICE canola climbs with comparable oils

Glacier FarmMedia – Canola futures on the Intercontinental Exchange sharply jumped on Wednesday morning as comparable oils continued to rise. Chicago soyoil gained more than two United States cents per pound, while European rapeseed and Malaysian palm oil also made gains. Crude oil advanced more than two U.S. dollars per barrel after vessels in the […] Read more

Global Markets: Cargo ships hit off Iran coast

Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally. Three cargo ships were reportedly struck off the coast of Iran on Wednesday, with Iranian drones also targeting the Dubai airport and oil facilities in neighbouring countries. The United States said it had sunk several Iranian vessels, including […] Read more



Canadian Financial Close: Loonie remains firm

By Glen Hallick Glacier FarmMedia – The Canadian dollar was relatively steady on Tuesday, as it fended off a sharp drop in crude oil prices. The loonie finished at US$0.7371 or US$1=C$1.3567 compared to Monday’s close of US$0.7367 or US$1=C$1.3574. On the United States Dollar Index, the greenback dipped 0.261 of a point at 98.670. […] Read more