Canadian Financial Close: Loonie closes below 73 U.S. cents

By Glen Hallick Glacier FarmMedia – The Canadian dollar was weaker on Friday, due to strength in the United States dollar and a poor jobs report from Statistics Canada. Gains in crude oil tempered the losses in the loonie. The Canadian dollar finished at US$0.7291 or US$1=C$1.3716 compared to Thursday’s close of US$0.7344 or US$1=C$1.3617.





The Canadian and U.S. canola crushes expanded in calendar year 2025, as it the U.S. soybean crush. However, StatCan didn’t release data for the Canadian soybean crush. Photo: File

Canola, U.S. soybean crushes expanding

In calendar year 2025, the canola crushes in Canada and the United States remained above their respective five-year averages, Statistics Canada reported on March 13. While the U.S. soybean crush continued to expand, StatCan didn’t include any soybean crush data for 2025 due to confidentiality requirements under the Statistics Act.

ICE review: Canola at eight-month highs

Glacier FarmMedia — The ICE Futures canola market was stronger on Thursday, closing at their highest levels in eight months as contracts recovered from early profit-taking losses. A turn higher in crude oil, after energy markets had initially moved lower, contributed to the eventual gains in canola. Weakness in the Canadian dollar, which was down


ICE canola turns higher after early losses

Glacier FarmMedia — ICE Futures canola contracts were stronger at midday Friday, recovering from overnight losses. A turn higher in crude oil, after energy markets had initially moved lower, contributed to the eventual gains in canola. Weakness in the Canadian dollar, which was down by nearly half a cent relative to its United States counterpart,



Global Markets: Canadian unemployment rate rises in February

Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally. Canada’s unemployment rate edged up 0.2 points in February to 6.7 per cent, reported Statistics Canada. Employment declined by 84,000, with the largest losses in Quebec, British Columbia, Saskatchewan and Manitoba. Employment increased in Newfoundland and Labrador and

Canola drops with crude

Glacier FarmMedia – Canola futures on the Intercontinental Exchange were lower on Friday, following the direction of crude oil. In an effort to reduce crude oil prices, the United States temporarily removed sanctions on Russian oil. Chicago soyoil and European rapeseed were down this morning, while Malaysian palm oil was higher. The Canadian Grain Commission