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Canadian Financial Close: Loonie drops back

By Glen Hallick Glacier FarmMedia – The Canadian dollar gave up a quarter cent on Friday, weighed down by two domestic reports and a sharp hike in the United States dollar. Statistics Canada reported on Friday, that Canada’s gross domestic product saw no overall growth in November after a 0.3 per cent loss in October.


Photo: Geralyn Wichers

U.S. livestock: Cattle fall back as inventory hits 75-year low

Most Chicago Mercantile Exchange cattle futures fell on Friday. Lean hog contracts also dipped. Most-traded April live cattle futures settled at 236.800 cents a pound, down 0.475 cents. February contracts gained 0.350 cents to close at 235.850 cents. Most-active March feeder cattle closed at 359.825 cents a pound, down 4.850 cents. April futures lost 4.950



ICE canola firm at midday Friday

     Glacier FarmMedia — ICE Futures canola contracts were stronger at midday Friday, as investors squared positions ahead of the weekend. The March contract was trading just above C$650 per tonne at midsession, after testing that level every day of the past week. An analyst said it would be supportive from a technical standpoint if




Global Markets: Canadian economy flat in November

By Glen Hallick Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. Canada saw no economic growth in November, Statistics Canada reported on Friday. In October, Canada’s economy dipped 0.3 per cent. StatCan said goods-producing industries slipped 0.3 per cent in November, while services-producing industries


Little movement for ICE canola

Glacier FarmMedia – Canola futures on the Intercontinental Exchange were relatively steady on Friday morning with mixed comparable oils. Chicago soyoil, European rapeseed and Malaysian palm oil were weaker. Meanwhile, crude oil was higher amid tensions between the United States and Iran. The Canadian Grain Commission reported on Thursday that 241,100 tonnes of canola were

Canadian Dollar and Business Outlook: Loonie dips

By Glen Hallick Glacier FarmMedia – The Canadian dollar eased back on Friday morning due to gains in the United States dollar and little movement in crude oil. As well, Statistics Canada reported that Canada’s gross domestic product saw no overall growth in November after a 0.3 per cent loss in October. Preliminary estimates called