Canadian Financial Close: C$ strengthens

Glacier FarmMedia | MarketsFarm — The Canadian dollar was stronger on Tuesday, as currency markets reacted to the latest inflation data. The Canadian dollar settled at US$0.7176 or US$1=C$1.3935, which compares with Friday’s close of US$0.7154 or US$1=C$1.3979. Canadian markets were closed Monday for Victoria Day. Canada’s consumer price index was up 1.7 per cent







ICE Midday: July canola rises, new crop steady

Glacier FarmMedia | MarketsFarm – The July contract on the ICE Futures canola market continued its demand-based rally. Meanwhile, the new crop positions were narrowly mixed. An analyst said while demand for old crop canola needs to slow down, the price outlook is better than originally thought. He estimated 22 million tonnes would be required



Canadian dollar and business outlook

Glacier FarmMedia | MarketsFarm — The Canadian dollar was stronger Monday morning. At 8:54 a.m. CDT the Canadian dollar was trading at US$0.7175 or US$1=C$1.3937 which compares with Friday’s close of US$0.7154 or US$1=C$1.3979. Canadian markets were closed Monday for Victoria Day. Canada’s consumer price index was up 1.7 per cent on an annual basis


Global Markets: Canada’s inflation rate eases off

Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. – Statistics Canada reported Tuesday that the country’s inflation rate declined to 1.7 per cent in April, largely due to lower crude oil prices and by eliminating the consumer carbon tax. While gasoline prices dropped 18.1

ICE Canada Morning Comment: New crop canola pulls back

Mixed support from comparable oils

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures turned mostly lower on Tuesday morning following the long weekend. While there were gains in the old crop July contract, the new crop positions eased back. Pressure on canola came from declines in Chicago soybeans and soyoil, while support was derived from gains