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Canadian Financial Close: Loonie slips back

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Reading Time: < 1 minute By Glen Hallick Glacier FarmMedia – The Canadian dollar stepped back on Wednesday, giving up about a tenth of a cent despite increased crude oil prices. The loonie finished at US$0.7360 or US$1=C$1.3587 compared to Tuesday’s close of US$0.7371 or US$1=C$1.3567. On the United States Dollar Index, the greenback rose 0.406 of a point at […] Read more
Futures

CBOT review: Soybeans, grains climb as crude flows disrupted

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Reading Time: < 1 minute SOYBEAN futures at the Chicago Board of Trade were stronger on Wednesday, trading just short of the nearby highs hit on Monday. Crude oil was higher amid the escalating war in the Middle East, disrupting production and movement in the region. Optimism over upcoming trade talks between the United States and China contributed to the […] Read more
Futures

ICE review: Canola strengthens with crude oil

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Reading Time: < 1 minute  Glacier FarmMedia — The ICE Futures canola market was stronger on Wednesday, but off its session highs at the close as profit-taking came forward to weigh on values. The May contract hit a high of C$742.50 per tonne, settling about nine dollars below that at C$733.30 per tonne. The escalating conflict in the Middle East […] Read more
Futures

ICE canola climbing higher at midday Wednesday

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Reading Time: < 1 minute Glacier FarmMedia — ICE Futures canola contracts were sharply higher at midday Wednesday, as gains in crude oil and other vegetable oil markets were supportive. The escalating conflict in the Middle East provided the catalyst for much of the activity in the futures, with rising oil prices said to be leading to increased demand for […] Read more
Futures

ICE canola climbs with comparable oils

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Reading Time: < 1 minute Glacier FarmMedia – Canola futures on the Intercontinental Exchange sharply jumped on Wednesday morning as comparable oils continued to rise. Chicago soyoil gained more than two United States cents per pound, while European rapeseed and Malaysian palm oil also made gains. Crude oil advanced more than two U.S. dollars per barrel after vessels in the […] Read more
Global markets

Global Markets: Cargo ships hit off Iran coast

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Reading Time: < 1 minute Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally. Three cargo ships were reportedly struck off the coast of Iran on Wednesday, with Iranian drones also targeting the Dubai airport and oil facilities in neighbouring countries. The United States said it had sunk several Iranian vessels, including […] Read more
Currency Markets

Canadian Dollar and Business Outlook: Loonie back tracks

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Reading Time: < 1 minute By Glen Hallick Glacier FarmMedia – The Canadian dollar stepped back on Wednesday morning, despite a renewed upswing in crude oil prices. As of 8:39 am CDT, the Canadian dollar was at US$0.7357 or US$1=C$1.3592 compared to Monday’s close of US$0.7371 or US$1=C$1.3567. On the United States Dollar Index, the greenback gained 0.286 of a […] Read more
Currency Markets

Canadian Financial Close: Loonie remains firm

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Reading Time: < 1 minute By Glen Hallick Glacier FarmMedia – The Canadian dollar was relatively steady on Tuesday, as it fended off a sharp drop in crude oil prices. The loonie finished at US$0.7371 or US$1=C$1.3567 compared to Monday’s close of US$0.7367 or US$1=C$1.3574. On the United States Dollar Index, the greenback dipped 0.261 of a point at 98.670. […] Read more

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