ICE Midday: Canola turns around on Tuesday

Glacier FarmMedia | MarketsFarm – The ICE Futures canola market was in recovery mode after Monday’s losses, albeit with a mixed sentiment in comparable oils. Malaysian palm oil was higher, while Chicago soyoil was lower and European rapeseed was mixed. Protests at two Libyan ports and weak Chinese economic data have left crude oil prices

ICE canola narrowly mixed in early trade

By Phil Franz-Warkentin   Glacier FarmMedia | MarketsFarm — The ICE Futures canola market was trading to both sides of unchanged early Tuesday, consolidating after dropping on Monday. Gains in outside markets provided spillover support, with Chicago soyoil, European rapeseed and Malaysian palm oil firmer. Many Asian markets will be closed for the Lunar New


Global Markets: Foreign interference report to be released

Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. – The Canadian government’s inquiry into foreign interference in the country’s elections will be released by Commissioner Marie-Josee Hogue later today. An initial report released in May stated that while foreign meddling did not determine the governing

Canadian Dollar and Business Outlook: Loonie sitting firm

Greenback, crude oil counter each other

By Glen Hallick Glacier FarmMedia MarketsFarm – The Canadian dollar was virtually unchanged on Tuesday morning as a stronger United States dollar was countered by higher crude oil prices. As of 8:45 am CST, the loonie was at US$0.6957 or US$1=C$1.4378 compared to Monday’s close of US$0.6954 or US$1=C$1.4381. On the U.S. Dollar Index, the





Canadian Financial Close: Loonie sheds ground

Crude oil fall back

By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar stepped back on Monday due to weakness in crude oil and positioning ahead of Wednesday’s interest rate announcement by the Bank of Canada. The loonie closed on Monday at US$0.6954 or US$1=C$1.4381, compared to Friday’s finish of US$0.6975 or US$1=C$1.4336. On the U.S.