Canadian dollar and business outlook

Reading Time: < 1 minute Glacier FarmMedia — The Canadian dollar was holding steady Wednesday morning. At 8:56 a.m. CST the Canadian dollar was trading at US$0.7308 or US$1=C$1.3684 which compares with Wednesday’s close of US$0.7307 or US$1=C$1.3685. Quarterly earnings data from more major Canadian banks continued to top analysts’ expectations, with RBC, TD Bank and CIBC all showing increased […] Read more

Global Markets: U.S., Iran meet for peace talks

Reading Time: 2 minutes Glacier FarmMedia – The following is a glance at the news moving markets in Canada and globally.      – The United States and Iran will hold indirect peace talks in Geneva on Thursday to reach a deal over Iran’s nuclear program and avoid a potential war. The U.S. wants restraints on Iran’s nuclear program as […] Read more


ICE Canada Morning Comment: Canola bumps up

Reading Time: < 1 minute By Glen Hallick Glacier FarmMedia – Canola futures on the Intercontinental Exchange were mostly higher on Thursday morning, underpinned by gains in the Chicago soy complex and MATIF rapeseed. Declines in Malaysian palm oil tempered the upswing in canola, while lower crude oil weighed on the vegetable oils. The May canola contract remained well above […] Read more



Canadian financial close: C$ strengthens Wednesday

Reading Time: < 1 minute Glacier FarmMedia — The Canadian dollar was stronger on Wednesday. The Canadian dollar settled at US$0.7307 or US$1=C$1.3685, which compares with Tuesday’s close of US$0.7295 or US$1=C$1.3708. Solid corporate earnings data from the Bank of Montreal and the National Bank of Canada lent some support to the currency. Canadian Prime Minister Mark Carney will visit […] Read more



U.S. Grain/Oilseed Review: Wheat down, corn, soybeans mostly higher

Reading Time: 2 minutes Glacier FarmMedia – WHEAT prices were mostly lower on Wednesday as precipitation is expected for parts of the southern United States Plains in the coming days. Parts of soft red winter wheat growing areas will see rain ranging from scattered showers to 50 millimetres over the next week. Prior to Thursday’s United States Department of […] Read more

ICE Closing Review: Old, new crop prices head in different directions

Reading Time: 2 minutes Glacier FarmMedia – Canola futures on the Intercontinental Exchange were mixed on Wednesday, amidst lower comparable oil prices and a stronger Canadian dollar. Chicago soyoil ended the day higher despite trading lower for most of the session. An analyst said the rallies for canola and soyoil will eventually run out of steam. European rapeseed and […] Read more



ICE Midday: Downward momentum for canola

Reading Time: < 1 minute Glacier FarmMedia – Canola futures on the Intercontinental Exchange returned to negative territory in the middle of Wednesday trading due to lower comparable oils and a stronger Canadian dollar. An analyst said canola’s declines can be attributed to those of Chicago soyoil, while expecting their respective rallies to run out. European rapeseed and Malaysian palm […] Read more