Canadian financial close: C$ holds steady Thursday

Glacier FarmMedia — The Canadian dollar held steady on Thursday, despite strong gains in crude oil.      The Canadian dollar settled at US$0.7146 or US$1=C$1.3993, which compares with Wednesday’s close of US$0.7145 or US$1=C$1.3996.      Retail sales in Canada increased one per cent in August, to C$70.4 billion, reported Statistics Canada. Core retail sales, which […] Read more







ICE Midday: Crude oil rally lifts canola

Glacier FarmMedia – Canola futures on the Intercontinental Exchange received a boost on Thursday. The United States and the European Union imposed new sanctions on Russian oil companies in attempts to bring Russia back to peace talks. As a result, crude oil surged nearly US$3 per barrel, supporting vegetable oils. Chicago soyoil and Malaysian palm […] Read more



Global Markets: Retail sales increase in August

Glacier FarmMedia — The following is a glance at the news moving markets in Canada and globally. – Statistics Canada reported on Thursday that retail sales increased one per cent at C$70.4 billion in August. StatCan attributed the bump up to gains in the auto sector. Sales at motor vehicle and parts dealers were up […] Read more


Canadian dollar and business outlook

Glacier FarmMedia — The Canadian dollar was steady Thursday morning, showing little movement despite a rally in crude oil.      At 9:00 a.m. CDT the Canadian dollar was trading at US$0.7144 or US$1=C$1.3998 which compares with Wednesday’s close of US$0.7145 or US$1=C$1.3996.      Retail sales in Canada increased 1.0 per cent in August, to C$70.4 […] Read more

ICE Canada Morning Comment: Canola higher on sharp gains in crude oil

By Glen Hallick Glacier FarmMedia | MarketsFarm – Intercontinental Exchange canola futures were higher Thursday morning, building on overnight gains. The increases are a direct result of hikes in crude oil as the Trump administration slapped more sanctions on Russian oil, with the spillover flowing into the vegetable oils. Besides canola, that generated upswings in […] Read more