ICE Canada Morning Comment: Canola stocks down 39 per cent

Adds to the need for price rationing

By Glen Hallick Glacier Farm Media MarketsFarm – Canola futures on the Intercontinental Exchange were higher on Thursday morning, following the Statistics Canada grain stocks report. StatCan said total canola stocks as of March 31 were estimated at 5.87 million tonnes, down from 9.58 million a year ago. The latest stocks came within trade expectations.



Canadian Financial Close: Loonie, crude oil move backwards

Glacier FarmMedia | MarketsFarm – The Canadian dollar took a step back on Wednesday. The loonie ended the day at US$0.7248 or US$1=C$1.3796, compared to US$0.7255 or US$1=C$1.3783 on Tuesday. Statistics Canada reported today that that February retail sales totaled C$56.9 billion, up one per cent from January. The United States Dollar Index jumped 0.67 of a