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Canadian Financial Close: Loonie up, TSX surges

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Reading Time: < 1 minute Glacier FarmMedia – The Canadian dollar strengthened slightly coming out of the August long weekend. The loonie closed at US$0.7254 or US$1=C$1.3785 on Tuesday, compared to US$0.7248 or US$1=C$1.3797 on Friday. The Bank of Canada did not post a closing rate on Monday. The United States Dollar Index gained 0.03 of a point at 98.81. Crude […] Read more
Futures

North American grain/oilseed review: Canola falls to two-month lows

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Reading Time: 2 minutes Glacier FarmMedia — ICE Futures canola market was weaker on Tuesday, falling to its lowest levels in two months after an early attempt at correcting higher. Losses in Chicago soyoil accounted for some spillover selling pressure in the Canadian oilseed, with chart-based speculative selling a feature as fund traders liquidated some of their large net-long […] Read more
Photo: Geralyn Wichers
Livestock, Markets

Klassen: Feeder market in price discovery mode

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Reading Time: 2 minutes For the week ending August 2, Western Canadian feeder cattle markets traded steady to as much as $10 higher. Quality yearling packages off grass were up as much as $15 in some cases. Prices for similar weight cattle were quite variable across the Prairies, which made the market hard to define.  The market appears to be in price discovery mode for the grass yearling market.
Futures

ICE canola narrowly mixed at midday

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Reading Time: < 1 minute Glacier FarmMedia — The ICE Futures canola market was narrowly mixed at midday Tuesday, retreating from earlier gains as losses in Chicago soyoil weighed on values. Ideas that canola was due for a correction after dropping sharply on Friday provided some underlying support as activity resumed following the Canadian long weekend. The canola market was […] Read more
Currency Markets

Canadian dollar and business outlook

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Reading Time: < 1 minute Glacier FarmMedia — The Canadian dollar was slightly firmer Tuesday morning, as activity resumed after the August long weekend. At 9:00 a.m. CDT the Canadian dollar was trading at US$0.7259 or US$1=C$1.3776 which compares with Friday’s close of US$0.7248 or US$1=C$1.3797. Canada’s merchandise trade deficit with the rest of the world widened to C$5.9 billion […] Read more
Global markets

Global Markets: Canadian trade deficit widens

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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 merchandise trade deficit with the rest of the world widened to C$5.9 billion in June from C$5.5 billion the previous month, as imports increased by 1.4 per cent and exports were up 0.9 per cent, reported […] Read more
Futures

ICE canola higher out of long weekend

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Reading Time: < 1 minute Glacier FarmMedia – Canola futures on the Intercontinental Exchange were on the rise coming out of the August long weekend due to stronger vegetable oils. Chicago soyoil was down slightly on Monday but was higher on Tuesday, along with European rapeseed and Malaysian palm oil. However, crude oil was down due to an output hike implemented […] Read more

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