Markets
Reading Time: < 1 minute By Glen Hallick Glacier FarmMedia | MarketsFarm – The Canadian dollar pushed higher on Monday morning, supported by a decline in the United States dollar and an upswing in crude oil. As of 8:38 am CST, the loonie was at US$0.7274 or US$1=C$1.3752, compared to Friday’s close of US$0.7256 or US$1=C$1.3781. On the U.S. Dollar […] Read more
Canadian Dollar and Business Outlook: Loonie on the rise
Huge crops in South America says analyst
Reading Time: 2 minutes Although there’s a debate over the size of the South American soybean crop, there’s little doubt that it will be an enormous one, said consultant Michael Cordonnier of Soybean and Corn Advisor in Hinsdale, Ill.
Canadian Financial Close: Slight movement in loonie
Reading Time: < 1 minute By Glen Hallick Glacier Farm Media | MarketsFarm – The Canadian dollar closed relatively steady on Friday, following modest upticks in the United States dollar and crude oil. The loonie closed at US$0.7256 or US$1=C$1.3781 compared to Thursday’s close of US$0.7260 or US$1=C$1.3774. On the U.S. Dollar Index, the greenback rose 0.257 of a point […] Read more
U.S. livestock: ‘Cattle on feed’ report supports prices
Reading Time: < 1 minute Chicago cattle futures rose as the USDA’s ‘Cattle on Feed’ report showed inventories two per cent down from a year ago. Most-active April live cattle futures gained 1.850 cents to close at 230.000 cents a pound. June contracts settled at 223.825 cents per pound, up 1.725 cents. Most-active March feeder cattle futures gained 4.800 cents […] Read more
U.S. grains: Wheat trades near contract lows under ample global supply
Reading Time: 2 minutes Chicago | Reuters – Chicago wheat futures ended higher on Friday, but hit their biggest weekly drop since June as abundant and cheap global supply kept prices near an eight-week low. Soybean futures declined for a sixth day, reaching their lowest price since October 24, as speculators continued to unwind long positions due to ample […] Read more
North American grain/oilseed review: Canola price slide continues Friday
Reading Time: 2 minutes Glacier FarmMedia — The ICE Futures canola market remained pointed lower on Friday, losing C$25.70 per tonne in the March contract over the week amid a lack of any supportive fundamental news. Weekly Canadian canola exports of 57,400 tonnes were down by 80 per cent from the previous week in the latest Canadian Grain Commission […] Read more
ICE canola price slide continues Friday
Reading Time: < 1 minute Glacier FarmMedia — ICE Futures canola contracts continued their downward slide on Friday, as the market lacked any supportive fundamental news. Weekly Canadian canola exports of 57,400 tonnes were down by 80 per cent from the previous week in the latest Canadian Grain Commission data. Crop year-to-date exports at 2.4 million tonnes compares with 4.2 […] Read more
Canada October retail sales down 0.2 per cent; seen up 1.2 per cent in November
Reading Time: < 1 minute Canadian retail sales fell by 0.2 per cent in October from September to $69.44 billion, on lower sales at food and beverage retailers, Statistics Canada said on Friday.
Global Markets: Canadian retail sales dip 0.2 per cent
Reading Time: < 1 minute Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally. Canadian retail sales decreased 0.2 per cent in October to C$69.4 billion, reported Statistics Canada. Sales at beer, wine and liquor retailers were down 10.6 per cent. Core retail sales, which exclude gasoline stations and fuel vendors and […] Read more
ICE canola pulls back
Reading Time: < 1 minute Glacier FarmMedia – Canola futures on the Intercontinental Exchange approached the weekend in negative territory, with the March contract dropping below the C$600 per tonne mark. The Canadian Grain Commission reported canola exports for the week ended Dec. 14 were 57,400 tonnes, well below the previous week’s 289,200. Due to a lack of Chinese buying, […] Read more
A message from April Stewart, Country Guide's Associate Editor
