Canadian Dollar and Business Outlook: Loonie pulling back

By Glen Hallick Glacier FarmMedia | MarketsFarm – The Canadian dollar dipped below 71 U.S. cents on Tuesday morning, as the United States dollar swung higher and crude oil slipped back. There may also be positioning ahead of today’s federal budget this afternoon. The Liberal government is expected to introduce a budget that brings cost






Canadian Financial Close: Loonie dips to start the week

By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar gave up two-tenths of a cent on Monday, as it drifted with a lack of guidance from the United States dollar and crude oil. The loonie closed at US$0.7114 or US$1=C$1.4057 compared to Friday’s close of US$0.7134 or US$1=C$1.4018. Meanwhile, the U.S. Dollar

North American grain/oilseed review: Canola climbs higher

Glacier FarmMedia — ICE canola futures posted solid gains on Monday, taking back most of Friday’s losses as trade optimism and spillover from a rally in the Chicago soy complex provided support. Chart-based buying was a feature, as the January contract moved to the upper edge of its sideways trading range. While there were no


ICE canola firm at midday Monday

Glacier FarmMedia — The ICE Futures canola market was higher at midday Monday, taking back some of Friday’s losses in choppy sideways trade. Gains in Chicago soyoil and soybeans provided spillover support. However, sharp losses in Malaysian palm oil in overnight activity and a softer tone in European rapeseed weighed on values. The Canadian dollar



Global Markets: Famine spreads in Sudan

Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally. • Famine is spreading in war-torn Sudan, said reports from international aid groups, with thousands of people forced to flee as the paramilitary Rapid Support Forces (RSF) advanced through the Darfur region. There were also reports of mass

ICE canola shows small declines

Glacier FarmMedia – Canola futures on the Intercontinental Exchange were slightly lower coming out of the weekend, but remained above the 20-day average for the January contract. Chicago soyoil, European rapeseed and Malaysian palm oil were down. Crude oil was steady after OPEC+ announced on Sunday it was halting production increases early in the new