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Tag Archives Currency

Livestock, Livestock Markets, Other livestock

Flooded markets push prices lower

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The Winnipeg Livestock Auction received 350 sheep and goats for the sale. The eastern and western markets have become filled with the constant supply of sheep and lambs — with the assistance of regionally supplied animals. Following other meat trends, store prices have not followed producer prices down. The buyers put extreme pressure on the
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
Livestock, Other livestock

Easter highs didn’t materialize

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Producers and buyers were able to push through the snow from the Alberta clipper, to attend the March 5 sale at Winnipeg Livestock Auction. There were 400 sheep and goats delivered for this sale. The Manitoba buyers were selective on quality, creating some extreme bidding pressures, following similar Ontario patterns. There was no clear separation
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
Livestock, Livestock Markets

Fall calf volumes lower than last year

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Manitoba’s cattle auction yards were busy once again during the week ended November 9, as the fall run continued at full speed. Prices held relatively steady for the most part, although top-end bids for many classes of cattle were mostly lower, rather than higher, in many instances. “We’re at the peak of the fall run
Livestock, News, Poultry

U.S. Thanksgiving turkey dinner to be easy on the wallet

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Reuters / Americans will be able to enjoy relatively cheap Thanksgiving turkeys this year, thanks to many retailers locking in their costs before a drought this year drove up U.S. feed prices. And retailers are determined to keep prices for the traditional Thanksgiving main course as low as possible, even though sky-high corn prices have
News

Canadian dollar flirts with U.S. parity

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The Canadian dollar has reached parity with its U.S. counterpart because of the Bank of Canada’s commitment to a tightening bias. Despite struggling economies in the U.S. and the euro zone, the Canadian dollar will likely hover around the parity mark for the remainder of the year, according to one analyst. “The Bank of Canada

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