Canadian Dollar and Business Outlook: Loonie, inflation higher

Glacier FarmMedia – The Canadian dollar surpassed the 72 United States cent mark on Monday morning after the release of new data from Statistics Canada.      The loonie was at US$0.7201 or US$1=C$1.3887 as of 8:33 a.m. CST, compared to Friday’s close at US$0.7188 or US$1=C$1.3913.      StatCan reported that the country’s annual inflation rate

Canadian financial close: C$ weakens Friday

Glacier FarmMedia — The Canadian dollar was weaker relative to its United States counterpart on Friday The Canadian dollar settled at US$0.7188 or US$1=C$1.3913, which compares with Thursday’s close of US$0.7195 or US$1=C$1.3899. Canada and China reached a preliminary deal that will see China lower its tariffs on Canadian products, including canola, in exchange for






ICE Midday: Canola cautiously higher on new trade deal

Glacier FarmMedia – Canola futures on the Intercontinental Exchange showed modest gains on Friday after Canada and China announced a new trade deal this morning. China will eliminate tariffs on Canadian canola meal, lobster, crabs and peas beginning on March 1, while canola seed will see a sharply reduced 15 per cent tariff. There were


Canadian dollar and business outlook

Glacier FarmMedia — The Canadian dollar was holding steady relative to its United States counterpart Friday morning. At 9:18 a.m. CST the Canadian dollar was trading at US$0.7199 or US$1=C$1.3891 which compares with Thursday’s close of US$0.7195 or US$1=C$1.3899. Canada and China reached a preliminary deal that will see China lower its tariffs on Canadian

ICE Canada Morning Comment: Tariffs on canola to drop

By Glen Hallick Glacier FarmMedia – Following the trade agreement reached between Canada and China, canola futures on the Intercontinental Exchange were higher on Friday morning. However, the gains stepped back from stronger increases earlier. Reports said the deal includes China cutting its tariffs on Canadian canola seed to 15 per cent come March 1,


Global Markets: Canada, China reach new trade deal

Glacier FarmMedia – The following is a glance at the news moving markets in Canada and globally.      – Canada and China reached a “preliminary but landmark” trade deal on Friday, reducing and eliminating tariffs on Canadian products while allowing Chinese electric vehicles into the Canadian market. China will drop canola seed duties to 15

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U.S. livestock: Feeder contracts surge, hogs rise

Chicago feeder cattle contracts surged on Thursday. Live cattle and lean hogs also made healthy gains. Most-active April live cattle closed at 238.425 cents a pound, up 1.100 cents. February live cattle gained 0.900 cents to settle at 236.050 cents per pound. Most-active March feeder cattle futures gained 4.850 cents to close at 364.550 cents