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Loonie expected to remain slightly below parity

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Commodity News Service Canada / The loonie will likely remain slightly below parity with the U.S. greenback as continued global economic uncertainty will weigh on the Canadian currency, predicts currency analyst Greg Moore. The FX Strategist with TD Securities in Toronto expects the Canadian dollar to trade around 97 cents in the second quarter and around
Livestock, Other livestock

Grunthal Sale Attracts Good Crowd

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The sheep and goat sale was only a portion of the Oct. 31 Grunthal small-animal auction. The benches were filled with buyers and producers, ready for a full day of surprises. There appeared to be no pattern on the ewes being sold, such as being sheared or the weight. The lower prices were based upon
News

Weak U.S. Dollar Lends Underlying Support To Commodity Prices

The U.S. dollar index dipped below $74 last week – posting a 32-month low. Prices have not been this low, since August 2008. The U.S. dollar is the world’s primary reserve currency and it is traded at the Intercontinental Exchange (ICE), which is the world’s centralized price discovery point for the U.S. dollar index. The
Crops

Strong Canadian Dollar Here To Stay

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The fundamentals continue to support a strong Canadian dollar, according to a market analyst. “Our forecast is for the Canadian dollar to hit US$1.05 in Q2, and we’re probably getting there a little faster than anticipated,” said David Watt, senior currency strategist with RBC Capital Markets. The Canadian dollar was sitting above US$1.04 on April
News

Canadian Dollar Heading Back To Parity

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The Canadian dollar is back within a cent of parity with its U.S. counterpart after seeing some choppy activity in recent weeks. The currency is expected to hold near parity, and likely move above the level, through 2011, according to an analyst. In the third quarter of 2010 the Canadian dollar was under-performing other international
News

Dollar Seen Softer In Coming Months – for Sep. 9, 2010

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The Canadian dollar rallied sharply on Sept. 1 in response to a renewed appetite for risk in the global financial markets. But a generally softer tone is more likely over the next several months given the general economic uncertainty still pervading the globe, according to a currency analyst. Matthew Strauss, senior currency strategist with RBC
Crops

Canadian Dollar Weakens

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The Canadian dollar is unlikely to make another move towards parity with its U. S. counterpart anytime soon, and will more likely see some weakness heading through the summer, according to a currency analyst. “We remain, both from a fundamental and from a technical perspective, bearish on the Canadian dollar going forward,” said Matthew Strauss,
News

More Strength In Store For Canadian Dollar

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The Canadian dollar moved back above parity with its U. S. counterpart on April 20, and appears poised to see further strength, according to a currency analyst. After hitting parity earlier in the month, retreating, and then bouncing back to parity with the U. S. dollar following comments from the Bank of Canada, the Canadian
Crops

Canadian Dollar Moves Towards U. S. Parity

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The Canadian dollar has been slowly strengthening towards parity with the U. S. currency and could soon top it. The Canadian dollar has been finding regular support from global investors who see Canada’s economy as one of the stronger ones in the Group of Seven nations, George Davis, chief technical currency analyst for RBC Capital
Cereals, Livestock

Canadian Dollar Hurts Hog Outlook

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U. S. hog prices are expected to show some improvement over the next year, but that strength won’t be felt in Canada where foreign exchange rates will continue to hamper the industry, said market analyst Steve Dziver, of Phoenix Agri-Tec Inc. in a presentation at the Canadian Wheat Board’s annual Grain World conference in Winnipeg,

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