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Glacier FarmMedia | MarketsFarm – The Canadian dollar dived on Wednesday hours following Donald Trump's re-election as President of the United States. The loonie was at US$0.7176 or US$1=C$1.3935, compared to US$0.7218 or US$1=C$1.3854 on Tuesday. The United States Dollar Index jumped 1.66 points at 105.09. Crude oil recovered most of its losses from this morning.[...]

Glacier FarmMedia | MarketsFarm – The July canola contract on the Intercontinental Exchange took a breather on Wednesday, while new crop positions continued their upward momentum. Rain across the southern Prairies in the coming days will improve crop conditions, but they could also pressure prices. Weakening basis levels could also be an indicator of less[...]

Glacier FarmMedia MarketsFarm - The Canadian dollar gained some ground on Wednesday. The loonie closed at US$0.7342 or US$1=C$1.3809, compared to US$0.7220 or US$1=C$1.3851 on Tuesday. The United States Dollar Index dropped half of a point at 104.05. The U.S. Federal Reserve announced on Wednesday it was leaving its key interest rates unchanged, but suggested[...]

Glacier FarmMedia MarketsFarm - The Canadian dollar fell sharply on Tuesday after the release of economic data from Statistics Canada (StatCan). The loonie closed at US$0.7275 or US$1=C$1.3746, compared to US$0.7322 or US$1=C$1.3658 on Monday. StatCan reported that the country’s real gross domestic product (GDP) increased by 0.2 per cent in February, following a 0.5 per[...]

Glacier FarmMedia MarketsFarm – The Canadian dollar followed through on positive momentum Tuesday morning. The loonie was at US$0.7377 or US$1=C$1.3556 as of 8:41 a.m. CDT, compared to US$0.7363 or US$1=C$1.3582 on Monday. The United States Dollar Index was down 0.25 of a point at 103.89. Crude oil prices had a mixed tone. Brent crude[...]

Glacier FarmMedia MarketsFarm – The Canadian dollar dipped below the 73 United States cent mark on Friday morning. The loonie was at US$0.7278 or US$1=C$1.3740 as of 8:37 a.m. CDT, compared to US$0.7301 or US$1=C$1.3696 on Thursday. The United States Dollar Index gained 0.14 of a point at 104.31. Crude oil prices were lower despite the[...]

Glacier FarmMedia MarketsFarm – The Canadian dollar was within striking distance of the 74 United States cent mark. The loonie closed at US$0.7394 or US$1=C$1.3525, compared to US$0.7375 or US$1=C$1.3559 on Wednesday. The United States Dollar Index jumped 0.61 of a point at 104.04, approaching its highest level in three weeks. Crude oil prices moved lower[...]

Glacier FarmMedia MarketsFarm – The Canadian dollar dropped below the 73 United States cent mark to close the week. The loonie closed at US$0.7285 or US$1=C$1.3727, compared to US$0.7301 or US$1=C$1.3696 on Thursday. Statistics Canada reported on Friday retail sales were down 0.8 per cent in May, while estimating a 0.3 per cent decline in June.[...]