Canadian financial close: C$ steady to start week

Glacier FarmMedia — The Canadian dollar failed to hold onto earlier gains relative to its United States counterpart on Monday, holding steady to start the week.      The Canadian dollar settled at US$0.7154 or US$1=C$1.3979, which was unchanged with Friday’s close.      Canada’s manufacturing sector contracted in November, with the S&P Global Canada Manufacturing Purchasing



North American Grain/Oilseed Review: Canola, grains move downward

Glacier FarmMedia -– Canola futures on the Intercontinental Exchange were lower in Monday trading amidst mixed sentiment in comparable oils. However, the January contract remained above its 20-day average.      Chicago soyoil was up, while European rapeseed and Malaysian palm oil were down. Crude oil was higher due to tensions between the United States and



ICE Midday: Canola starts week in the red

Glacier FarmMedia – Canola futures on the Intercontinental Exchange were lower in the middle of Monday trading, with the January contract trading below its 20-day average, amidst mixed sentiment in comparable oils. Chicago soyoil was slightly higher, while European rapeseed and Malaysian palm oil were down. Crude oil gained US$1 per barrel due to tensions

Canadian dollar and business outlook

Glacier FarmMedia — The Canadian dollar was firmer Monday morning, with gains in crude oil supportive for the energy-linked currency.      At 9:14 a.m. CST the Canadian dollar was trading at US$0.7165 or US$1=C$1.3957 which compares with Friday’s close of US$0.7154 or US$1=C$1.3979.      Canada’s manufacturing sector contracted in November, with the S&P Global Canada


Global Markets: Flooding devastates Southeast Asia

Glacier FarmMedia – The following is a glance at the news moving markets in Canada and globally.      – Torrential rains and flooding over the past week have taken the lives of more than 1,000 people in Indonesia, Sri Lanka and Thailand with thousands more missing. Indonesian President Prabowo Subianto visited the island of Sumatra

ICE Canada Morning Comment: Stepping back with other veg oils

By Glen Hallick Glacier FarmMedia | MarketsFarm – Intercontinental Exchange canola was lower on Monday morning, along with the other vegetable oils. The Chicago soy complex, MATIF rapeseed and Malaysian palm oil were down modestly, while higher crude oil offered support. Statistics Canada is scheduled to release its production report on Thursday. Trade expectations have



Canadian Financial Close: Loonie, TSX rise entering the weekend

Glacier FarmMedia – The Canadian dollar saw its highest close in nearly a month following welcomed economic data from Statistics Canada.      The loonie jumped to US$0.7154 or US$1=C$1.3979 on Friday, its highest close since Oct. 29, compared to US$0.7126 or US$1=C$1.4034 on Thursday. StatCan reported today that Canada’s economy grew at an annualized rate