Markets
Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally. Canadian foreign minister Anita Anand met with her Chinese counterpart in Beijing, with trade at the top of the agenda. “Both ministers reaffirmed a shared commitment to engage at all levels to ensure the relationship and strategic partnership […] Read more
Global Markets: Canadian foreign minister meets Chinese counterpart
Canadian dollar and business outlook
Glacier FarmMedia — The Canadian dollar remained rangebound Friday morning, lacking any clear direction. At 9:02 a.m. CDT the Canadian dollar was trading at US$0.7120 or US$1=C$1.4045 which compares with Thursday’s close of US$0.7118 or US$1=C$1.4048. Speaking in Washington, D.C., on Thursday Bank of Canada Governor Tiff Macklem said the growth outlook remained […] Read more
ICE canola in positive territory
Glacier FarmMedia – Canola futures on the Intercontinental Exchange showed independent strength on Friday morning amidst mixed sentiment in comparable oils. Chicago soyoil and Malaysian palm oil made gains while European rapeseed was lower. Crude oil prices were mostly steady. The Canadian dollar was up less than one-tenth of a United States cent compared to […] Read more
U.S. livestock: Live cattle hit contract highs on cash market strength
Chicago | Reuters – Chicago Mercantile Exchange live cattle futures climbed to fresh contract highs on Thursday as a firm cash market and stabilizing beef prices supported the market, analysts said. Feeder cattle were flat to higher, with nearby contracts consolidating after recent strong gains, although the market remains well supported by tight supplies. Beef […] Read more
U.S. grains: Corn rises on US yield concerns, strong crush demand lifts soybeans
U.S. corn futures rose for a third straight day on Thursday and hit a 1-1/2 week high on reports of lower-than-expected harvest yields in some areas of the Midwest and forecasts for rain that could delay further field work.
Canadian Financial Close: C$ holding steady
Glacier FarmMedia — The Canadian dollar held steady on Thursday. The Canadian dollar settled at US$0.7118 or US$1=C$1.4048, which compares with Wednesday’s close of US$0.7120 or US$1=C$1.4045. Speaking in Washington, D.C., Bank of Canada Governor Tiff Macklem said the growth outlook remained “soft” for the country. “We do expect growth in the second […] Read more
North American grain/oilseed review: Canola corrects lower
ICE canola futures were unable to hold onto early gains, settling with small losses on Thursday. Optimism over movement on trade talks with China faded Thursday, as Prime Minister Mark Carney told reporters trade talks were focused on “a much broader range of issues than single sectors and single trades,” when asked about halting Canadian […] Read more
ICE canola continues higher at midday Thursday
Glacier FarmMedia — The ICE Futures canola market was stronger at midday Thursday, nearing its highest levels of the past month as gains in Chicago soyoil and soybeans provided spillover support. European rapeseed and Malaysian palm oil were also higher on the day. The canola harvest is nearly finished across the Prairies, and the resulting […] Read more
Canadian dollar and business outlook
Glacier FarmMedia — The Canadian dollar was holding steady Thursday morning, with currency traders awaiting comments from Bank of Canada Governor Tiff Macklem later in the day. At 9:08 a.m. CDT the Canadian dollar was trading at US$0.7119 or US$1=C$1.4047 which compares with Wednesday’s close of US$0.7120 or US$1=C$1.4045. Macklem is set to […] Read more
Global Markets: Canadian housing starts up
Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally. Canadian housing starts were up 14 per cent in September from the previous month, reported the Canada Mortgage and Housing Corporation. The seasonally adjusted annualized rate of housing starts at 279,234 beat average pre-report calls from economists predicting […] Read more