Further weakening seen for loonie

The Canadian dollar, which has already taken a beating in the past month, is likely to see further downside before stability returns to foreign exchange markets. Barring a major reversal in investor sentiment, the Canadian dollar is on course to see its biggest monthly decline since at least 1950, market watchers say. On Oct. 28,

Ethanol no longer seen as big driver of food price

Heavy demand for corn from ethanol makers was seen as a key driver of corn futures to record highs in June, but since then the sharp decline of corn along with other commodities shows that belief was mistaken. Corn is down about 50 per cent from its record high in June, even as the amount


Commodity prices at mercy of world economy

“You can cut rates to the bone, but if nobody’s willing to lend you money, it doesn’t really matter.” – U. S. Market Aanalyst Phil Flynn Further declines in oil and metals prices after co-ordinated global interest rate cuts suggest that commodities will not return to their giddy heights until the world economy is on