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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
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
News

CP trains rolling again

reuters/staff / CP trains were rolling again after Canadian Senate passed back-to-work legislation May 31. “There will be a period to catch up on backlog and that is something we’ll be doing once we’re operating again. We’ll be doing that as quickly as possible,” CP spokesman Ed Greenberg said. The Teamsters Union launched its strike
Opinion

Is it really true that CN and CP need more money?

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Recently the Canadian Transportation Agency (CTA) announced that Prairie grain farmers will pay 9.5 per cent more to ship their grain. Based on the 2011 total freight bill under the revenue cap of $952 million, a 9.5 per cent increase means another $90 million straight out of the pockets of Prairie farmers. Based on 31
Cereals, News

Hefty raise for railroads

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Get ready to dig a little deeper to ship this year’s harvest to export ports. The Canadian Transportation Agency has approved a hefty 9.5 per cent raise in the revenue cap, which is the maximum railways can earn from shipping grain, a boost that could cost farmers an extra $87 million or about $3 per
Cereals, Grain Markets, News

Open-market supporters optimistic post-CWB monopoly

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There’s lots of optimism ahead of ending the wheat board’s monopoly Aug. 1, but there will be challenges too, according to a panel that spoke at the Canada Grain Council’s 43rd annual meeting in Winnipeg April 16. “I just say the sky is the limit now,” said Western Canadian Wheat Growers Association president Kevin Bender.
Cereals, Crops, News

CP can’t move entire crop off the combine

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This just in — the railways won’t move Western Canada’s entire wheat crop off the combine this fall. “To use a cliché in building the church for Easter Sunday, there’s a reality that it’s a seasonal business and we’re responsive on a seasonal basis to the business,” Steve Whitney, CP Rail’s vice-president of marketing and
Cereals, News

Farmers own CWB assets: KAP, WRAP, APAS

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They’ve given up trying to save the wheat board’s single desk, but three leading farm leaders are still fighting to save the board’s assets, including the contingency fund, for farmers. “I certainly have marching orders from my membership that the assets of the wheat board belong to farmers,” said Doug Chorney, president of Keystone Agricultural
News

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

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