Canadian Financial Close: Loonie, gold down after Trump re-election

Glacier FarmMedia | MarketsFarm – The Canadian dollar dived on Wednesday hours following Donald Trump’s re-election as President of the United States. The loonie was at US$0.7176 or US$1=C$1.3935, compared to US$0.7218 or US$1=C$1.3854 on Tuesday. The United States Dollar Index jumped 1.66 points at 105.09. Crude oil recovered most of its losses from this morning.



The Chicago Board of Trade building on May 28, 2018. (Harmantasdc/iStock Editorial/Getty Images)

CBOT weekly outlook: Trio of events loom over U.S. soybeans, corn

The trade's initial reaction to the re-election of former United States President Donald Trump was bearish for soybeans and corn on the Chicago Board of Trade on Nov. 6. Meanwhile, the U.S. Federal Reserve's interest rate announcement on Nov. 7 and the U.S. Department of Agriculture's supply and demand report on Nov. 8 are likely to have a bullish effect on those commodities, said Allendale Inc. president Steve Georgy.




Surrounded by family members and supporters, Donald Trump makes his acceptance speech at his Election Night Watch Party at the Palm Beach County Convention Center after being elected the 47th President of the United States November 5, 2024.

Global commodity markets react to Trump victory

Election results expected to have deep, immediate effects on global economies

Commodities from grains, to oil and gas dropped on Wednesday morning as the U.S. dollar rallied and victory for Republican Donald Trump in the U.S. presidential election stoked concerns about tariffs and economic growth.


ICE canola climbing higher at midday

By Phil Franz-Warkentin Glacier FarmMedia — The ICE Futures canola market was stronger at midday Wednesday, taking back Tuesday’s losses as gains in outside markets provided support. Chicago soyoil, European rapeseed and Malaysian palm oil futures were all stronger, with palm oil at fresh contract highs. Weakness in the Canadian dollar, which was down by

Surrounded by family members and supporters, Donald Trump makes his acceptance speech at his Election Night Watch Party at the Palm Beach County Convention Center after being elected the 47th President of the United States November 5, 2024. Photo: USA TODAY NETWORK via Reuters Connect

Global commodity markets react to Trump victory

Election results expected to have deep, immediate effects on global economies

Commodities from grains, to oil and gas dropped on Wednesday morning as the U.S. dollar rallied and victory for Republican Donald Trump in the U.S. presidential election stoked concerns about tariffs and economic growth.