Canadian Financial Close: Loonie closes below 71 U.S. cents

By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar eased back Tuesday, shortly after the federal Liberal government introduced its budget, which has a heavy focus on capital spending. The loonie closed at US$0.7097 or US$1=C$1.4090 compared to Monday’s close of US$0.7114 or US$1=C$1.4057. Finance Minister François-Philippe Champagne said today’s spending blueprint

North American grain/oilseed review: Canola corrects lower

Glacier FarmMedia — ICE canola futures were weaker on Tuesday, taking back most of Monday’s gains as chart-based selling weighed on values. Losses in the Chicago soy complex accounted for some spillover weakness, although Malaysian palm oil and European rapeseed held closer to unchanged. A lack of any significant movement on trade talks with China


ICE canola weakens in ‘turnaround Tuesday’ trade

Glacier FarmMedia — “Turnaround Tuesday” speculative selling pressure weighed on the ICE Futures canola market at midday, although values remained stuck in a sideways range overall. Losses in the Chicago soy complex accounted for some spillover weakness, with European rapeseed also down on the day. A lack of any significant movement on trade talks with

ICE canola weakens amid bearish oils

Glacier FarmMedia – ICE canola futures dropped on Tuesday, taking back most of Monday’s gains in chart-based positioning as weakness in crude oil also carried over into the oilseeds. Chicago soybeans saw losses of at least 15 United States cents per bushel, while soyoil and European rapeseed were also down. Malaysian palm oil was higher.


Global Markets: U.S. elections underway

Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally. State and mayoral elections are underway in the United States on Tuesday, with the off-year elections amid the ongoing shutdown of the country’s federal government widely seen as a referendum on President Donald Trump. Typhoon Kalmaegi reportedly left

Canadian Dollar and Business Outlook: Loonie pulling back

By Glen Hallick Glacier FarmMedia | MarketsFarm – The Canadian dollar dipped below 71 U.S. cents on Tuesday morning, as the United States dollar swung higher and crude oil slipped back. There may also be positioning ahead of today’s federal budget this afternoon. The Liberal government is expected to introduce a budget that brings cost






Canadian Financial Close: Loonie dips to start the week

By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar gave up two-tenths of a cent on Monday, as it drifted with a lack of guidance from the United States dollar and crude oil. The loonie closed at US$0.7114 or US$1=C$1.4057 compared to Friday’s close of US$0.7134 or US$1=C$1.4018. Meanwhile, the U.S. Dollar