By Commodity News Service Canada
July 24 (CNS Canada) – The Canadian dollar is
posting small gains early this morning, up 0.13 per
cent at 8:40 CDT.
The Canada-U.S. exchange was at 0.76005, or
C$1.3157 at 8:40 a.m this morning. It closed
yesterday at 0.7601 or C$1.3156.
Chinese financial markets are rising this
morning, following government efforts to boost the
economy. While the yuan continued to slide, hitting
its lowest level in more than a year, a rally in
stocks bucked the trend. The Chinese government
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Indexes in Canada and the United States, looked
poised to start the day higher as Alphabet, Google’s
parent company, posted higher than expected
profits. The technology-heavy Nasdaq index hit a
record high at open, due mainly to the Google
announcement, which sparked a technology sector
rally.
As well, United Technologies, 3M and Verizon
were all expected to post better-than-expected
revenues in their latest corporate earnings report.
The S&P/TSX index gained 0.48 per cent (78.41
points) at 8:39 a.m. CDT at 16,499.22.
In the U.S., the S&P 500 was up 0.18 per cent
at 2,806.98, the Dow Jones was down 0.06 per cent
to 25,044.29 and Nasdaq was up 0.88 per cent to
7,911.10.
