Canadian financial close: C$ softens Wednesday

Glacier FarmMedia — The Canadian dollar was softer on Wednesday, amid broad strength for the United States currency internationally. The Canadian dollar settled at US$0.7316 or US$1=C$1.3668, which compares with Tuesday’s close of US$0.7325 or US$1=C$1.3652. Canada’s services economy contracted in January, according to updated purchasing managers index (PMI) data from S&P Global. The headline

North American Grain/Oilseed Review: Canola rises, soybeans surge after Trump announcement

Glacier FarmMedia — Canola futures on the Intercontinental Exchange closed Wednesday on a high note, with the March contract surpassing the C$650 per tonne level. An analyst said March canola’s next target is C$670/tonne, just above its 200-day moving average.      Chicago soyoil was higher with support from two fronts. The United States Treasury Department


ICE Midday: Canola rises on soy complex support

Glacier FarmMedia – Canola futures on the Intercontinental Exchange were boosted by vegetable oils in the middle of Wednesday trading, which allowed the March contract to surpass the C$650 per tonne level. Chicago soyoil continued its rally, which was aided by United States President Donald Trump’s announcement that China has agreed to purchased 20 million



Global Markets: Most Canadians support Chinese EVs: poll

Glacier FarmMedia – The following is a glance at the news moving markets in Canada and globally.      – A new poll by Leger released on Wednesday suggests that most Canadians support the sale of Chinese electric vehicles. Sixty-one per cent of respondents said they supported allowing more Chinese EVs into the market, with 24



Canadian dollar and business outlook

Glacier FarmMedia — The Canadian dollar was slightly softer relative to its United States counterpart Wednesday morning, At 8:52 a.m. CST the Canadian dollar was trading at US$0.7318 or US$1=C$1.3665 which compares with Tuesday’s close of US$0.7325 or US$1=C$1.3652. U.S. Vice President JD Vance said at a meeting of more than 50 countries Wednesday that

ICE Canada Morning Comment: Canola pushing higher

By Glen Hallick Glacier FarmMedia – Canola futures on the Intercontinental Exchange were higher on Wednesday morning, getting support from other vegetable oils. There were increases in Chicago soyoil, MATIF rapeseed and Malaysian palm oil, but losses in Chicago soybeans and soymeal. Crude oil was relatively steady, providing little direction to the veg oils. The