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Canadian financial close: C$ stronger Thursday

Glacier FarmMedia — The Canadian dollar strengthened on Thursday, hitting fresh three-week highs relative to its United States counterpart as currency markets continued to take direction from developments in the Middle East. The Canadian dollar settled at US$0.7294 or US$1=C$1.3710, which compares with Wednesday’s close of US$0.7275 or US$1=C$1.3746. Israel and Lebanon reportedly agreed to […] Read more



ICE Closing Review: Higher comparable oils spur more increases

By Glen Hallick Glacier FarmMedia – Intercontinental Exchange canola futures closed stronger on Thursday, guided by gains in Chicago soyoil, MATIF rapeseed and crude oil. Malaysian palm oil finished relatively steady and declines in Chicago soybeans and soymeal tempered canola’s upside. Jamie Wilton, a trader with R.J. O’Brien & Associates in Winnipeg, said the rolling […] Read more



ICE Canola Midday: Good gains due to comparable oils, technicals

By Glen Hallick Glacier FarmMedia – Canola futures on the Intercontinental Exchange were stronger mid-session Thursday, getting spillover from gains in Chicago soyoil and crude oil. “There’s a strong number for beanoil off of the crush report,” said Jamie Wilton, broker for R.J. O’Brien & Associates in Winnipeg. Although, the March soybean crush report in […] Read more

Global Markets: U.S.-Iran talks could soon resume

By Glen Hallick Glacier FarmMedia | MarketsFarm – The following is a glance at the news moving markets in Canada and globally. A key Pakistani mediator said on Thursday that the United States and Iran could soon resume talks regarding the Middle East war. Reports said a breakthrough was made on “sticky issues” that could […] Read more


Canadian dollar and business outlook

Glacier FarmMedia — The Canadian dollar was firmer Thursday morning, continuing to gain ground relative to its United States counterpart. At 8:55 a.m. CDT the Canadian dollar was trading at US$0.7291 or US$1=C$1.3716 which compares with Wednesday’s close of US$0.7275 or US$1=C$1.3746. New motor vehicle sales in Canada were down by 0.9 per cent in […] Read more

ICE canola adding onto prices

Glacier FarmMedia – Canola futures maintained their positive momentum on the Intercontinental Exchange on Thursday morning. Chicago soyoil and European rapeseed made gains, while Malaysian palm oil was down. Crude oil advanced despite speculation the United States and Iran will resume negotiations to end the war in Iran sometime this week. The Canadian dollar was […] Read more