By Commodity News Service Canada
Winnipeg, Aug. 2 (CNS) – The Canadian dollar fell early
this morning as oil and stock prices declined, sparked by
increased tensions in the U.S.-China trade war. The Canada-to-
U.S. exchange rate was 0.7675 at 8:45 a.m., or C$1.3029. It
closed yesterday at C$0.7691, which is a U.S.-to-Canada rate of
C$1.3002.
– Bombardier has posted earnings before interest, taxation,
depreciation and amortization (EBITDA) of C$336 million for
the quarter compared to C$313 million a year ago. The figures
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in which the company logged C$9.1 billion in long-term debt.
Bombardier has since sold off its C-Series jet to Europe’s
Airbus.
– Fears of an escalating trade war between China and the
United States set off declines in bond yields and stocks across
Europe and Asia. Germany’s DAX index fell 1.5 per cent
yesterday and the European STOXX 600 was down 0.8 per cent.
Government bond yields for European countries also fell. In
Asia, the MSCI index of Asia-Pacific shares fell 1.6 per cent.
– The S&P/TSX was down sharply, 0.64 per cent on early
trading (-103.71 points) to 16,272.78.
– West Texas Intermediate crude fell 0.41 per cent to
US$67.40.
– In the U.S., the S&P 500 index was down 0.53 per cent to
2,798.42. The Dow Jones was down 0.79 per cent to 25,137.76
and the Nasdaq was down 0.35 per cent to 7,682.74.
