Canadian Financial Close: All time record highs for TSX, gold

By Glen Hallick Glacier FarmMedia – The Canadian dollar climbed more than a quarter of a cent on Wednesday, following today’s interest rate freezes by the Bank of Canada and the United States Federal Reserve. The loonie finished at US$0.7369 or US$1=C$1.3571 compared to Tuesday’s finish of US$0.7342 or US$1=C$1.3620. On the U.S. Dollar Index,



North American grain/oilseed review: Canola strengthens Wednesday

Glacier FarmMedia — The ICE Futures canola market was stronger on Wednesday, finding spillover support from gains in Chicago soybeans. Speculative short covering was a feature, with the settlement above C$650 per tonne in the March contract seen as constructive from a technical standpoint. Gains in European rapeseed and Malaysian palm oil provided additional support,



Global Markets: BoC holds rates steady

Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally. The Bank of Canada held its key overnight interest rate steady at 2.25 per cent in its latest policy announcement Wednesday morning. Governor Tiff Macklem said uncertainty around the forecast was “heightened” in a prepared statement, pointing to


ICE canola supported, strengthens

Glacier FarmMedia – Canola futures on the Intercontinental Exchange continued to rally, fuelled by comparable oils. Chicago soyoil, European rapeseed and Malaysian palm oil made gains to start the day. Meanwhile, crude oil was also higher due to the weaker U.S. dollar, the arrival of U.S. warships to the Middle East and continued disruptions at

Canadian Dollar and Business Outlook: Loonie getting stronger

By Glen Hallick Glacier FarmMedia – The Canadian dollar continued higher on Wednesday morning, following the Bank of Canada’s latest announcement on its key overnight rate. The BoC froze that interest rate at 2.25 per cent, noting that little has changed economically for Canada, however the central bank noted unstable United States trade policies and