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‘Things evolve’: Last commodity exchange in Canada to close in July as trade moves to Wall Street

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Canola futures volume has been rising and the move to Wall Street will provide the best environment for continued growth, ICE Futures Canada CEO says.Andy Hu/iStockphoto files

Canada’s oldest — and only — agricultural commodity exchange is closing its doors.

The Winnipeg Grain Exchange, established in 1887, will shut down for good after its owner, Intercontinental Exchange Inc., transfers the bourse’s only remaining futures contract to New York in July.

Canola futures volume has been rising and the move to Wall Street will provide the best environment for continued growth, said Brad Vannan, the president and chief operating office of the company’s ICE Futures Canada unit.

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