Global Markets: Canada’s inflation rate declines

Glacier FarmMedia – The following is a glance at the news moving markets in Canada and globally.      – Statistics Canada reported today that the country’s annual inflation rate dipped to 2.2 per cent in October, compared to 2.4 per cent in September. Grocery prices dropped by 0.6 per cent, their biggest monthly drop in […] Read more

ICE canola rising to start week

Glacier FarmMedia — ICE canola futures were stronger Monday morning, taking back most of Friday’s losses to start the week. The January contract was trading just below two-month highs, facing resistance around C$655 per tonne. Gains in the Chicago soy complex provided spillover support, with talk of increased Chinese purchases of soybeans from the United […] Read more



Canadian financial close: C$ steady to end week

Glacier FarmMedia — The Canadian dollar held relatively steady on Friday. While solid domestic economic data and gains in crude oil were supportive, broad strength in the United States dollar internationally weighed somewhat on the loonie.      The Canadian dollar settled at US$0.7130 or US$1=C$1.4025, which compares with Thursday’s close of US$0.7134 or US$1=C$1.4018.       […] Read more






ICE Midday: Canola still on the rise

Glacier FarmMedia – Canola futures on the Intercontinental Exchange extended their rally on Friday. An analyst said if the January contract can stay above C$650 per tonne throughout the entire session, it would begin to establish a “base of resistance”. However, he also believes the contract to be slightly overbought. The Canadian Grain Commission reported […] Read more



Canadian dollar and business outlook

Glacier FarmMedia — The Canadian dollar was holding steady Friday morning, lacking any clear direction.      At 8:48 a.m. CST the Canadian dollar was trading at US$0.7133 or US$1=C$1.4019 which compares with Thursday’s close of US$0.7134 or US$1=C$1.4018.      Manufacturing sales in Canada were up 3.3 per cent in September compared to the previous month […] Read more