Canadian financial close: C$ weakens Monday

Glacier FarmMedia — The Canadian dollar was weaker relative to its United States counterpart on Monday. The Canadian dollar settled at US$0.7312 or US$1=C$1.3676, which compares with Friday’s close of US$0.7374 or US$1=C$1.3562. Investors were taking some of the risk premium out of oil and other commodities as tensions between the U.S. and Iran eased






ICE Midday: Canola down in ‘macro selloff’

Glacier FarmMedia – Canola futures on the Intercontinental Exchange were weaker in the middle of Monday trading due to what one analyst said was a “macro selloff” in the markets, especially in crude oil. United States President Donald Trump said last weekend that the U.S. and Iran are currently engaged in talks, which sent crude

Canadian dollar and business outlook

Glacier FarmMedia — The Canadian dollar was weaker Monday morning, as losses in crude oil weighed on the energy-linked currency. At 8:58 a.m. CST the Canadian dollar was trading at US$0.7314 or US$1=C$1.3672 which compares with Friday’s close of US$0.7374 or US$1=C$1.3562. Investors were taking some of the risk premium out of oil as tensions


Global Markets: China lifts Canadian cattle ban

Glacier FarmMedia – The following is a glance at the news moving markets in Canada and globally.      – Canada will resume beef exports to China after the latter lifted its ban on Canadian cattle. China prohibited Canadian beef exports beginning in late 2021 after bovine spongiform encephalopathy (BSE) was found on an Alberta farm.

ICE Canada Morning Comment: Canola sheds some ground

By Glen Hallick Glacier FarmMedia – Canola futures on the Intercontinental Exchange stepped back on Monday morning, amid pressure from most comparable oils. With crude oil down sharply this morning, there were losses in Chicago soybeans and soyoil, as well as Malaysian palm oil. MATIF rapeseed and Chicago soymeal were slightly higher. The March canola



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.