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Futures

ICE canola rising off nearby lows to start week

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Reading Time: < 1 minute Glacier FarmMedia — ICE canola futures were posting solid gains Monday morning, seeing a recovery to start the week after closing at its lowest levels in two months on Friday. U.S. President Donald Trump posted to social media on Sunday that “China is worried about its shortage of soybeans,” and added that “our great farmers […] Read more
Currency Markets

Canadian Financial Close: Loonie steady, mercurial day for gold

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Reading Time: < 1 minute Glacier FarmMedia — The Canadian dollar stayed put on Friday, maintaining its 0.24 U.S. cent gain from the previous week. The loonie closed at US$0.7272 or US$1=C$1.3751 on Friday, compared to US$0.7271 or US$1=C$1.3753 on Thursday. Statistics Canada reported this morning that the country’s economy shed 41,000 jobs in July, but the unemployment rate was […] Read more
Futures

North American grain/oilseed review: Canola drops to end week

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Reading Time: < 1 minute Glacier FarmMedia — The ICE Futures canola market was weaker on Friday, taking back Thursday’s gains as losses in Chicago soyoil and improved moisture conditions in parts of Western Canada weighed on values. Chart-based speculative selling was a feature, with the November contract settling below its 100-day moving average. European rapeseed was also lower, while […] Read more
Futures

ICE canola mixed at midday Friday

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Reading Time: < 1 minute Glacier FarmMedia —The ICE Futures canola market was narrowly mixed at midday Friday, consolidating near unchanged to end the week. Losses in Chicago soyoil and soybeans accounted for some spillover selling pressure, with European rapeseed also down on the day. Malaysian palm oil was slightly higher, while the Canadian dollar was steady. Recent rains in […] Read more
Currency Markets

Canadian dollar and business outlook

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Reading Time: < 1 minute Glacier FarmMedia — The Canadian dollar was slightly softer Friday morning. At 9:15 a.m. CDT the Canadian dollar was trading at US$0.7269 or US$1=C$1.3757 which compares with Thursday’s close of US$0.7271 or US$1=C$1.3753. Canada’s unemployment rate held steady at 6.9 per cent in July, reported Statistics Canada. Employment dipped by 0.2 points at 60.7 per […] Read more
Global markets

Global Markets: Canadian unemployment rate steady

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Reading Time: < 1 minute Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally.   Canada’s unemployment rate held steady at 6.9 per cent in July, reported Statistics Canada. However, employment dipped by 0.2 points at 60.7 per cent, with 41,000 fewer jobs reported.   Indian Prime Minister Narendra Modi spoke with […] Read more

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