Dec 15, 2016
6 - Loonie Weakens, Supporting Canola Futures | WP
6 – Loonie Weakens, Supporting Canola Futures | WP
"Canola carved out a narrow increase Wednesday mostly on a weaker loonie. The Canadian dollar fell along with crude oil, which was down on some disappointing numbers in a weekly U.S. crude supply report and on forecasts that if OPEC does not cut production as it has committed, the global surplus next year will rise even more than had been expected.
The loonie also felt a little pressure from…
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