Canadian dollar and business outlook

Glacier FarmMedia — The Canadian dollar was slightly firmer Tuesday morning, as markets reacted to updated inflation data.      At 8:49 a.m. CDT the Canadian dollar was trading at US$0.7129 or US$1=C$1.4027 which compares with Monday’s close of US$0.7125 or US$1=C$1.4036.      Statistics Canada reported that the country’s annual rate of inflation came in at


ICE Canada Morning Comment: Canola headed lower

By Glen Hallick Glacier FarmMedia | MarketsFarm – Intercontinental Exchange canola futures stepped back Tuesday morning, pressured lower by losses in Chicago soyoil and Malaysian palm oil. The declines were tempered by gains in Chicago soybeans and MATIF rapeseed. Spillover from increases in crude oil underpinned the vegetable oils. The most-traded January contract slipped below

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Klassen: Feeder market extends rally

Western Canadian yearling prices traded back up to historical highs over the week ended Oct. 18, while calf markets made fresh highs at many locations. Western Canadian yearlings off grass traded $5-$10 higher on average compared to seven days earlier. Steer calves in the weight range of 550-825 pounds traded $8-$12/cwt higher on average while


Canadian Financial Close: C$ steady Monday

Glacier FarmMedia — The Canadian dollar was unchanged at Monday’s close, lacking any clear direction.      The Canadian dollar settled at US$0.7125 or US$1=C$1.4036, which compares with Friday’s close of US$0.7125 or US$1=C$1.4035.      Canada’s Industrial Product Price Index was up by 0.8 per cent in September compared to the previous month, marking a 5.5