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chart showing Canadian dollar value
Markets

Drozd: Harami alerts producers to impending rally in the Canadian dollar

A harami that occurs at the end of a significant move down in price and time 
will have more reliability than any other place on a chart

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The Canadian dollar has rallied nearly 600 basis points in the past six weeks. This rally may have come as a surprise to some people, but not to those studying candlestick charting. The Japanese are regarded as the true pioneers of candlestick charting. The Japanese method of charting is called candlestick because the individual lines
(Dave Bedard photo)
Crops, Markets

ICE weekly outlook: Canola spikes as loonie falls

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CNS Canada — ICE Futures Canada canola contracts finished higher for the week ended Wednesday, tracking the U.S. soy complex for much of the period but ultimately shooting higher due to the Canadian dollar’s sudden free-fall. The weaker currency helped improve domestic crush margins and also made canola more attractive to exporters pricing in U.S.
(Canada Beef Inc. photo)
Crops, Markets

Feed barley values seen ‘popping’ in January

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CNS Canada –– Western Canadian feed barley prices remained firm to start the year, with bids having enjoyed a gradual rise from the $190 per tonne range in late November to the current level of $210 per tonne. “Bids have firmed up, not surprisingly it’s kind of popping in January,” said Allen Pirness, a trader
Canadian dollar monthly nearby: Chart as of Dec. 12, 2014.
Market news, Markets

Canadian dollar continues to trend lower, slipping to a 5-1/2-year low

A lower Canadian dollar makes our exports more competitive but it increases the cost of imports

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The Canadian dollar has been trending lower for the past three years. As recently as December 2012, it was trading at par to the U.S. dollar. Last year at this time it was worth 94 cents to the U.S. dollar and this year it is down to 86 cents. Canada is a resource-based country and
Crops, Grain Markets

Loonie forecast to hold its own against U.S. greenback

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The loonie will likely continue to weaken against the U.S. dollar, but should stay close to parity in medium to longer term, says ScotiaBank’s chief currency strategist. “The path of least resistance for the Canadian dollar in the near term is weaker,” said Camilla Sutton. However, lower global growth along with the less hawkish stance
News

Canadian dollar won’t move above parity any time soon

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The Canadian dollar has seen significant declines compared to its U.S. counterpart in recent weeks, and isn’t expected to climb back above parity any time soon, according to currency analysts. The Canadian dollar has continued to move further and further below parity with the U.S. dollar, closing at US98.16 cents on Feb. 21. Although the
Crops, News

Analyst predicts loonie to stay strong but not soar in 2013

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The Canadian dollar should stay strong and level in the coming year, predicts a Toronto-based currency analyst. The loonie may see a slight rise in the coming weeks before levelling off, says Camilla Sutton, a currency strategist with Scotia Capital. “While the currency markets have been driven recently by the fiscal cliff situation in the
News

Analyst says loonie to stay below par in short term

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Recent softness in the Canadian dollar is expected to remain until the new year, according to a currency analyst with RBC Capital Markets. The loonie has slipped since the U.S. presidential election on Nov. 6, largely because fears Washington will go over the so-called “fiscal cliff,” said analyst George Davis. The fiscal cliff refers to

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