Global Markets: Federal budget passes by two votes

By Glen Hallick Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. Canadian Prime Minister Mark Carney’s minority Liberal government narrowly survived a confidence motion in the House of Commons on Monday evening. The motion on the government’s budget introduced Nov. 4, passed 170 to […] Read more


Canadian Dollar and Business Outlook: Loonie up, crude oil dips

Glacier FarmMedia – The Canadian dollar was higher on Tuesday morning, hours after the Liberal government’s federal budget narrowly passed in the House of Commons.      The loonie was at US$0.7137 or US$1=C$1.4011 as of 8:38 a.m. CST, compared to Monday’s close at US$0.7125 or US$1=C$1.4035.      Mark Carney’s first federal budget as Prime Minister […] Read more

ICE canola consolidating slightly lower Tuesday morning

Glacier FarmMedia — ICE canola futures were mostly lower Tuesday morning, seeing some consolidation after climbing to their highest levels in two-and-a-half months on Monday. While gains in Chicago soyoil provided spillover support, soybeans and soymeal were lower. Outside markets were also mixed, with gains in Malaysian palm oil and a softer tone in European […] Read more





Canadian Financial Close: Loonie down ahead of budget vote

Glacier FarmMedia — The Canadian dollar stepped back on Monday after new economic news from Statistics Canada and ahead of an important budget vote in the House of Commons.      The loonie slipped to US$0.7125 or US$1=C$1.4035 on Monday, compared to US$0.7130 or US$1=C$1.4025 on Friday.      StatCan reported this morning that Canada’s inflation rate […] Read more

North American Grain and Oilseed Review: Soy pushes up canola

U.S. monthly crush, Trump comments propel soy higher By Glen Hallick, MarketsFarm Glacier FarmMedia MarketsFarm – Canola futures on the Intercontinental Exchange advanced on Monday, riding the spillover from sharp gains in the Chicago soy complex. Soy swung higher on an all-time record monthly crush and on comments from United States Donald Trump. On Friday, […] Read more


ICE canola following soybeans higher at midday

Glacier FarmMedia — ICE Futures canola contracts were stronger at midday Monday, hitting their highest levels in two-and-a-half months as a rally in the Chicago soy complex provided spillover support. Chart-based positioning contributed to the gains. Optimism over increased sales of soybeans from the United States to China after comments made by President Donald Trump […] Read more

Canadian Dollar and Business Outlook: Loonie, inflation down ahead of budget vote

Glacier FarmMedia – The Canadian dollar was lower on Monday despite the release of economic news from Statistics Canada.      The loonie was at US$0.7122 or US$1=C$1.4041 as of 9:05 a.m. CST, compared to Friday’s close at US$0.7130 or US$1=C$1.4025.      StatCan reported on Monday the country’s annual inflation rate was at 2.2 per cent […] Read more