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Canadian Dollar and Business Outlook: Loonie, crude oil drop ahead of weekend

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Reading Time: < 1 minute Glacier FarmMedia – The Canadian dollar continued its downturn as the weekend approached.      The loonie was at US$0.7092 or US$1=C$1.4100 as of 8:41 a.m. CST on Friday, compared to Thursday’s close at US$0.7102 or US$1=C$1.4008.      The United States Dollar Index was up 0.07 of a point at 100.22.      Crude oil prices were […] Read more
PHOTO: ALEXIS STOCKFORD
Markets, Reuters

U.S. livestock: ‘Relentless’ fund selling knocks down CME cattle futures

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Reading Time: 2 minutes Chicago | Reuters – U.S. cattle futures fell further at the Chicago Mercantile Exchange on Thursday under pressure from fund selling and lower cash prices, traders said. Futures have dropped over the past month after U.S. President Donald Trump said he was working to lower beef prices for consumers, triggering steep selloffs in cattle that […] Read more
Currency Markets

Canadian Financial Close: Loonie, stock markets down

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Reading Time: < 1 minute Glacier FarmMedia – The Canadian dollar closed at its lowest level in two weeks on Thursday.      The loonie dropped to US$0.7102 or US$1=C$1.4080, compared to US$0.7123 or US$1=C$1.4040 on Wednesday.      The United States Dollar Index was up 0.02 of a point at 100.25. The U.S. Labor Department confirmed on Wednesday it will not […] Read more
Futures

North American Grain and Oilseed Review: Weakness in veg oils erode canola’s increases

Another day of losses in Chicago

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Reading Time: 2 minutes By Glen Hallick, MarketsFarm Glacier FarmMedia MarketsFarm – Intercontinental Exchange canola futures were virtually unchanged on Thursday, unable to retain their gains from earlier in the session. Although canola tried to resume its post-harvest upward trend, pressure from losses in the Chicago soy complex and Malaysian palm oil proved to be too much to fend […] Read more
Futures

ICE Canola Midday: Resuming seasonal trend upward

Mixed support from comparable oils

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Reading Time: < 1 minute By Glen Hallick Glacier FarmMedia | MarketsFarm – Intercontinental Exchange canola futures were clinging to small increases on Thursday morning, as part of the seasonal trend to climb higher following the end of harvest, an analyst said. The analyst added that canola could be still trying to catch up to the increases made by Chicago […] Read more
Global markets

Global Markets: Nvidia stronger than ever

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Reading Time: < 1 minute By Glen Hallick Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. Stock in Nvidia jumped five per cent in premarket trade on Thursday, after the artificial intelligence technology giant announced it exceeded revenue forecasts. On Wednesday, Nvidia reported that its third quarter earning were […] Read more

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