Canadian Financial Close: Loonie pulls back

China responds in kind to U.S. tariffs

By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar lost almost three-quarters of a cent on Friday, as its United States counterpart bounced back while crude oil was hit with more sharp losses. The loonie closed Friday at US$0.7034 or US$1=C$1.4216, compared to Thursday’s finish of US$0.7108 or US$1=C$1.4069. On the U.S. […] Read more






ICE Midday: Canola comes down with other markets

Glacier FarmMedia | MarketsFarm – The ICE Futures canola market erased its gains from Thursday as worldwide market strife carried over into the oilseed. An analyst said China’s 34 per cent retaliatory tariffs on imports from the United States was wreaking havoc on the markets, primarily soybeans which have dropped nearly 40 U.S. cents per bushel. […] Read more

Global Markets: China strikes back at U.S.

34 per cent levies in imports

By Glen Hallick   Glacier Farm Media MarketsFarm – The following is a glance at the news moving markets in Canada and globally.   China, the world’s second largest economy, swung back at the United States on Friday as Beijing announced its retaliatory tariffs. China will impose a 34 per cent levy on all U.S. […] Read more


ICE canola erases Thursday gains

Glacier FarmMedia | MarketsFarm – The ICE Futures canola market was weaker on Friday morning as global markets continued to struggle under the new tariff scheme unveiled by United States President Donald Trump on April 2. Chicago soyoil, European rapeseed and Malaysian palm oil were seeing sharp losses for a second straight day. Meanwhile, crude […] Read more

Canadian Dollar and Business Outlook: Loonie slips as greenback firms up

Crude drops as China retaliates against U.S. tariffs

By Glen Hallick Glacier FarmMedia MarketsFarm – The Canadian dollar pulled back on Friday morning as its United States counterpart regained some lost ground while crude oil continued to drop. As of 8:41 am CDT, the loonie was at US$0.7044 or US$1=C$1.4209 compared to Thursday’s close of US$0.7108 or US$1=C$1.4069. On the U.S. Dollar Index, […] Read more



Canadian Financial Close: Loonie soars as crude, stocks tumble

Trump's tariffs take hold

By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar jumped 1.25 cents on Thursday, benefitting from the fallout over the reciprocal tariffs announced by United States President Donald Trump on Wednesday. The loonie closed Thursday at US$0.7108 or US$1=C$1.4069, compared to Wednesday’s finish of US$0.6983 or US$1=C$1.4320. On the U.S. Dollar Index, […] Read more