Global Markets: U.S. envoy meets with Putin

Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally.   Russian President Vladimir Putin reportedly met with United States’ special envoy Steve Witkoff in Moscow on Wednesday, as a Friday deadline imposed by President Donald Trump for Russia to reach a peace deal with Ukraine neared. Details […] Read more

ICE canola reverses direction

Glacier FarmMedia – Canola futures on the Intercontinental Exchange recovered some of the previous day’s losses on Wednesday, while being supported by rising crude oil prices. Crude oil was up more than US$1 per barrel after United States President Donald Trump threatened additional tariffs on Indian goods due to the country purchasing Russian oil. Chicago soyoil […] Read more


Canadian Financial Close: Loonie up, TSX surges

Glacier FarmMedia – The Canadian dollar strengthened slightly coming out of the August long weekend. The loonie closed at US$0.7254 or US$1=C$1.3785 on Tuesday, compared to US$0.7248 or US$1=C$1.3797 on Friday. The Bank of Canada did not post a closing rate on Monday. The United States Dollar Index gained 0.03 of a point at 98.81. Crude […] Read more






Photo: Geralyn Wichers

Klassen: Feeder market in price discovery mode

For the week ending August 2, Western Canadian feeder cattle markets traded steady to as much as $10 higher. Quality yearling packages off grass were up as much as $15 in some cases. Prices for similar weight cattle were quite variable across the Prairies, which made the market hard to define.  The market appears to be in price discovery mode for the grass yearling market.

ICE canola narrowly mixed at midday

Glacier FarmMedia — The ICE Futures canola market was narrowly mixed at midday Tuesday, retreating from earlier gains as losses in Chicago soyoil weighed on values. Ideas that canola was due for a correction after dropping sharply on Friday provided some underlying support as activity resumed following the Canadian long weekend. The canola market was […] Read more


Canadian dollar and business outlook

Glacier FarmMedia — The Canadian dollar was slightly firmer Tuesday morning, as activity resumed after the August long weekend. At 9:00 a.m. CDT the Canadian dollar was trading at US$0.7259 or US$1=C$1.3776 which compares with Friday’s close of US$0.7248 or US$1=C$1.3797. Canada’s merchandise trade deficit with the rest of the world widened to C$5.9 billion […] Read more

Global Markets: Canadian trade deficit widens

Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally.   Canada’s merchandise trade deficit with the rest of the world widened to C$5.9 billion in June from C$5.5 billion the previous month, as imports increased by 1.4 per cent and exports were up 0.9 per cent, reported […] Read more