By Commodity News Service Canada
July 19 (CNS Canada) – The Canadian dollar is
trending lower today, hit by a selloff in the Chinese
yuan, which is weakening most commodity prices. As
well, the loonie is being further softened by a
report showing non-farm employment declines in
Canada coinciding with stronger employment numbers
in the United States.
The Canada-U.S. exchange was at 0.7545, or
C$1.3253. It closed yesterday at 0.7573 or C$1.3204.
The Canadian economy lost 10,500 jobs in June,
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real estate sector. The survey of non-farm payroll
employment showed the United States adding 213,000
jobs during the same period.
U.S. President Donald Trump said yesterday
that the U.S. may hammer out a trade deal with Mexico
first and then complete a separate deal with Canada
later.
West Texas Intermediate crude was up 0.77 per
cent early this morning, or 52 cents U.S., to
US$68.28.
The S&P/TSX index gained 0.35 per cent (58.42
points) at 8:38 a.m. CDT at 16,535.82.
In the U.S., the S&P 500 was up 0.22 per cent
at 2,815.62, the Dow Jones was up 0.32 per cent to
25,199.29 and Nasdaq declined 0.19 per cent to
7,839.53.
