By Commodity News Service Canada
July 11 (CNS Canada) – The Canadian dollar was trading at 77.38 cents U.S. at 8:33 CDT (C$1.2923 per US$1). The loonie closed Monday at 77.59 cents U.S. (C$1.2888 per US$1).
Canadian stocks were steady this morning, as investors appeared reluctant to make investments before a possible Bank of Canada announcement on interest rates tomorrow. The bank is expected to increase interest rates for the first time in seven years.
The S&P TSX was down 61.68 points, or .41 per cent, earlier this morning at 15,043.60.
In New York, the Dow Jones was up .82 points (.00 per cent) at 21,409.34, the S&P 500 was down 3.41 points (.14 per cent) at 2,424.02 and the Nasdaq was down 4.83 points (.08 per cent) at 6,171.56.
Brent crude was at US$46.75 per barrel, a fall of 13 cents U.S. WTI crude was at US$44.29, down 11 cents at 8:20 a.m.
