Global Markets: Chinese tariffs hitting Canadian businesses

100 per cent levies on imports of canola oil, meal and other ag, seafood products

By Glen Hallick   Glacier Farm Media MarketsFarm – The following is a glance at the news moving markets in Canada and globally.   About 36 per cent of Canadian agricultural and seafood businesses have been affected by China’s tariffs, said a report issued this week by the Canadian Federation of Independent Business. The report

Canadian dollar and business outlook

Glacier FarmMedia | MarketsFarm — The Canadian dollar was slightly firmer relative to its United States counterpart Friday morning. At 9:17 a.m. CDT the Canadian dollar was trading at US$0.7215 or US$1=C$1.3860 which compares with Thursday’s close of US$0.7209 or US$1=C$1.3872. Canadian retail sales decreased by 0.4 per cent in February to C$69.3 billion, reported


ICE canola eases off

Glacier FarmMedia | MarketsFarm – The ICE Futures canola market was posting small losses Friday morning, backing away from overnight gains after running into resistance. The nearby July contract traded above the psychological C$700 per tonne level in overnight trade, but failed to hold above that key chart point. Chicago soyoil and Malaysian palm oil were




Canadian Financial Close: C$ firm Thursday

Glacier FarmMedia | MarketsFarm — The Canadian dollar was firmer on Thursday, as broad strength in global equity markets lent some support. The Canadian dollar was trading at US$0.7222 or US$1=C$1.3847 late Thursday, which compares with Wednesday’s close of US$0.7209 or US$1=C$1.3871. Canada’s economy saw muted growth in the first three months of the year,


North American Grain and Oilseed Review: A spike in old crop canola

A positive day in Chicago

By Glen Hallick, MarketsFarm Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures continued to rally on Thursday with the strongest gains in the old crop months. An analyst stated that price rationing in canola is inevitable with Canada’s dwindling supplies. Year-to-date canola exports are poised to surpass the 7.50 million tonnes projected by Agriculture



ICE Canola Midday: Touching on recent contract highs

Price rationing inevitable says analyst

By Glen Hallick Glacier Farm Media MarketsFarm – Intercontinental Exchange canola futures continued higher late Thursday morning. The July contract touched its resistance level of C$690 per tonne earlier in the session but has inched away since then. An analyst said he expects the July contract to climb to C$700/tonne. “As long as we don’t

Canadian dollar and business outlook

Glacier FarmMedia | MarketsFarm — The Canadian dollar was holding steady relative to its United States counterpart Thursday morning. At 9:17 a.m. CDT the Canadian dollar was trading at US$0.7214 or US$1=C$1.3862 which compares with Wednesday’s close of US$0.7209 or US$1=C$1.3871. Canada’s economy saw muted growth in the first three months of the year, according