Canadian Dollar and Business Outlook: Loonie up, TSX jumps

Glacier FarmMedia – The Canadian dollar advanced on Monday, getting some support from higher crude oil prices.      The loonie was at US$0.7124 or US$1=C$1.4037 as of 8:32 a.m. CST, compared to Friday’s close at US$0.7111 or US$1=C$1.4063.      The United States Dollar Index was down 0.05 of a point at 99.55. The U.S. Senate

ICE Canada Morning Comment: Canola steps back

By Glen Hallick Glacier FarmMedia | MarketsFarm – Intercontinental Exchange canola futures were lower on Monday morning, correcting from Friday’s gains. Although increases in the Chicago soy complex underpinned canola, Malaysian palm oil was relatively steady and MATIF rapeseed was sown slightly. Modest upticks in crude oil lent support to the vegetable oils. Despite canola’s



 Photo: Canada Beef

U.S. livestock: Cattle, hogs end week on high note

Cattle contracts and nearby hog futures ended the week on a high note after a week rife with losses. Most-traded December lean hog futures closed at 79.400 cents a pound, up 0.425 cents. February contracts lost 0.475 cents to settle at 79.350 cents per pound. The USDA reported pork carcass cutout value at $98.98 per





North American grain/oilseed review: Canola up with speculative positioning to end week

Glacier FarmMedia — The ICE Futures canola market was stronger on Friday, as chart-based positioning ahead of the weekend provided support. The January canola contract was back above its 20- and 50-day moving averages, which underpinned values from a chart standpoint. Gains in Chicago soybeans and soyoil provided spillover support, with European rapeseed also higher

Global Markets: Canadian unemployment rate at 6.9 per cent

Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally. Now at 6.9 per cent, the Canadian unemployment rate dipped 0.2 percentage points in October, beating expectations as employment increased by 67,000, reported Statistics Canada. Employment growth was highest in men aged 25 to 54 (33,000 jobs) and


ICE canola rising going into weekend

Glacier FarmMedia – Canola futures on the Intercontinental Exchange made solid gains on Friday morning, supported by positive momentum from most comparable oils. Chicago soyoil and European rapeseed were higher, while Malaysian palm oil was lower. Crude oil prices were up despite negative sentiment during the week. The Canadian dollar added one quarter of a