GFM Network News

Canadian Financial Close: Loonie at three-week low

WCS falls behind major crude prices

By MarketsFarm WINNIPEG, Sept. 17 (MarketsFarm) – The Canadian dollar was lower Thursday, as Western Canadian Select crude oil failed to keep pace with gains in major benchmark crudes. The loonie dropped to its lowest since Aug. 25. The dollar finished at US$0.7576 or US$=C$1.3200, compared to Wednesday’s close of US$0.7594 or US$1=C$1.3168. WCS crude […] Read more

ICE canola keeps pressing higher at midday Thursday

WINNIPEG, Sept. 17 (MarketsFarm) – The ICE Futures canola market was stronger at midday Thursday, seeing follow-through buying after Wednesday’s break above psychological chart resistance. The November contract settled above C$530 per tonne on Sept. 16, marking the first close above that level in more than two years. The move was bullish from a chart […] Read more

ICE canola futures: Prices lower Thursday morning

By Marlo Glass, MarketsFarm WINNIPEG, Sept. 17 (MarketsFarm) – Intercontinental Exchange (ICE) futures canola contracts were slightly lower on Thursday morning, taking back some of the gains made earlier in the week. Nearby soyoil contracts were down by about a tenth of a cent, putting a damper on canola prices. The Canadian dollar dropped below […] Read more

Canadian Dollar and Business Outlook: Loonie pulls back

Oil production resumes in Gulf

By MarketsFarm WINNIPEG, Sept. 17 (MarketsFarm) – The Canadian dollar lost about three-tenths of a cent on Thursday morning, due to lower crude oil prices. As of 8:47 CDT, the Canadian dollar was at US$0.7560 or C$1.3222, compared to Wednesday’s close of US$0.7594 or C$1.3168. Benchmark crude oil prices were lower Thursday morning, as production […] Read more