Canadian Financial Close: Loonie, retail sales down

Glacier FarmMedia – The Canadian dollar ended the week by dipping below 71 United States cents for the first time since Nov. 6.      The loonie dropped to US$0.7092 or US$1=C$1.4100 on Friday, compared to US$0.7102 or US$1=C$1.4080 on Thursday. Statistics Canada reported today that retail sales in September decreased 0.7 per cent at C$69.8 […] Read more

North American Grain and Oilseed Review: Weakness in canola ahead of weekend

Mixed movement in Chicago

By Glen Hallick, MarketsFarm Glacier FarmMedia MarketsFarm – Intercontinental Exchange canola futures fell back on Friday, as the recent rally turns into rangebound trading. An analyst said that without any fresh news canola has “no appetite to go higher.” Today’s losses saw the January canola contract slip behind its 20-day moving average, but it remained […] Read more



ICE Canola Midday: ‘Non-descript trade’ weakens prices

By Glen Hallick Glacier FarmMedia | MarketsFarm – Intercontinental Exchange canola futures were pulling back mid-morning Friday, in what an analyst called “another day of non-descript trade.” The analyst said the recent rally in canola has turned into sideways trading due to a lack of fresh news, citing “no appetite to go higher.” There’s good […] Read more


Global Markets: Retail sales down in September

By Glen Hallick Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. Retail sales in September fell 0.7 per cent at C$69.8 billion, Statistics Canada reported on Friday. Sales at motor vehicle and parts dealers dropped 2.9 per cent in September. However, gas stations and […] Read more

ICE canola falling Friday morning

Glacier FarmMedia — ICE canola futures were weaker Friday morning, falling in sympathy with Chicago soyoil. European rapeseed and Malaysian palm oil were also down in overnight trade, with declines in crude oil behind some of the softness in the world vegetable oil markets. Weekly Canadian canola exports of 284,600 tonnes during the week ended […] Read more