Canadian Financial Close: A small step for loonie

By Glen Hallick Glacier FarmMedia – The Canadian dollar nudged up on Friday, making its first positive close in more than a week. Statistics Canada reported on Friday that December retail sales were down 0.4 per cent at C$70 billion. Also, StatCan said the industrial product price index rose 2.7 per cent in January, and

CBOT review: Soybeans down Friday as Trump tariffs questioned

SOYBEAN futures at the Chicago Board of Trade were lower on Friday, as traders tried to digest the latest tariff developments in the United States. Soybeans and soyoil fell sharply lower in immediate response to news the U.S. Supreme Court had declared President Donald Trump’s global tariffs illegal. Market participants were uncertain what the ruling


ICE review: Canola up despite U.S. tariff uncertainty

Glacier FarmMedia — The ICE Futures canola market recovered from early losses to settle with small gains in the most active months as traders digested the latest tariff uncertainty out of the United States. The U.S. Supreme Court ruled 6-3 Friday that President Donald Trump’s broad global tariffs were illegal, sparking sharp losses in soybeans



ICE canola drops with soyoil Friday

ICE Futures canola contracts were lower at midday Friday, as a selloff in Chicago soyoil and soybeans spilled into the Canadian market. The United States Supreme Court ruled 6-3 Friday that President Donald Trump’s broad global tariffs were illegal, sparking sharp losses in soybeans and soyoil amid uncertainty over what the ruling will mean for



Global Markets: U.S./Iran tensions mount

Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally. United States President Donald Trump has given Iran an ultimatum, claiming “bad things will happen” if a deal on Iran’s nuclear program is not reached in the next 10 to 15 days. A second U.S. Navy aircraft carrier

Canadian Dollar and Business Outlook: Loonie holding steady

By Glen Hallick Glacier FarmMedia – The Canadian dollar was virtually unchanged on Friday morning, getting little direction from its United States counterpart and crude oil. As of 8:37 am CST, the Canadian dollar was at US$0.7299 or US$1=C$1.3701, compared to Thursday’s close of US$0.7301 or US$1=C$1.3696. On the U.S. Dollar Index, the greenback inched


ICE canola in the red

Glacier FarmMedia – Canola futures at the Intercontinental Exchange eased off on Friday morning as comparable oils declined. Chicago soyoil, European rapeseed and Malaysian palm oil were down. After hitting six-month highs on Thursday due to tensions between the United States and Iran, crude oil prices slightly dipped. The Canadian dollar was steady compared to