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Don’t expect big moves from the loonie in 2018, analysts say.
Currency markets, News, Other

Loonie to stay range bound in 2018

Higher oil prices and an expected interest rate rise are keeping the Canuck buck aloft

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Following the Canadian dollar’s recent rally it should stay range bound, according to financial analysts. “It’s a little bit of an exciting story for the loonie. We’re just kind of seeing it range bound but that’s sort of what the fundamentals are telling us,” said Brian DePratto, senior economist with TD Economics. Over the course
Prairie wheat bids fall as dollar rises
Grain Markets, Markets

Prairie wheat bids fall as dollar rises

Canadian farmers are starting to lose the exchange rate protection they’ve enjoyed

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Hard red spring wheat bids in Western Canada fell over the holidays, while the Canadian dollar was on an upward swing. Depending on the location, average Canada Western Red Spring (13.5 per cent protein CWRS) wheat prices fell by approximately $3 to $4 per tonne in some areas of Western Canada, according to price quotes
Currency markets, Markets, News, Other

Loonie set to weaken heading into new year

Many factors appear set to weigh in against our dollar in the coming days

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The Canadian dollar has seen some wide moves over the past week, but appears to be trending lower relative to its U.S. counterpart heading into 2018, according to a currency analyst. “We see (the Canadian dollar) weaker for the first quarter of this year,” said currency strategist Mark Chandler, of RBC Dominion Securities, pointing to
Is a strong loonie a bad thing for Canadian farmers?
Markets

Is a strong loonie a bad thing for Canadian farmers?

There’s no doubt our currency’s fluctuation has effects, but they’re not always well understood

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From a high of 1.10 to lows of 60 cents per U.S. dollar over the past several decades, the value of the loonie has always had an impact on Canadian farmers. While these fluctuations certainly will influence crop prices we receive here in Canada, what effect does it really have? Is a strong loonie really
(Photo courtesy Canada Beef Inc.)
Livestock, Markets

Klassen: Feeder cattle market remains firm

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Western Canadian yearling markets were trading $3 to as much as $6 above week-ago levels while calf prices were relatively unchanged. The Canadian dollar was under pressure all week, closing Friday at US77.85 cents, the lowest levels since mid-July. At the same time, April live cattle futures made fresh contract highs, reflecting a week-over-week gain
Canadian dollar pressures Prairie wheat bids
Grain Markets, Markets

Canadian dollar pressures Prairie wheat bids

The loonie rose roughly half a cent over the course of the week

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Hard red spring wheat bids in Western Canada dipped during the week ended Oct. 13, as the Canadian dollar rose due to higher oil prices. Depending on the location, average Canada Western Red Spring (CWRS, 13.5 per cent protein) wheat prices were down as much as $3-$4 per tonne across the Prairie provinces, according to
Rising loonie cuts into western Canadian wheat bids
Grain Markets, Markets

Rising loonie cuts into western Canadian wheat bids

Seasonal harvest pressure also drags on cash wheat values

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Hard red spring wheat bids in Western Canada continued to trend lower during the week ended Sept. 8, as seasonal harvest pressure and a soaring loonie weighed on values despite gains in the Minneapolis futures. Depending on the location, average Canada Western Red Spring (CWRS) wheat prices were down by $2-$6 per tonne across the

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