By Commodity News Service Canada
Aug. 1 (CNS Canada) – The Canadian dollar was trading at
US$0.8011 at 8:46 CDT (C$1.2483 per US$1). It closed Monday at
US$0.8010, or C$1.2485 per US$1.)
– The Bank of Canada has no public speeches scheduled between
now and a planned review in September of its current interest
rates. That has analysts confident that interest rates will
remain steady until October. The bank’s July rate hike followed
a stream of speeches and interviews by top bank officials.
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– Oil fell early Tuesday, retreating from its two-month high
of US$53 per barrel. Plentiful global supplies pulled down
prices despite strong demand and an expected fall in U.S. crude
inventories. Brent crude was at US$52.93 per barrel on early
trading, down 26 cents U.S. WTI crude was at US$49.66 per barrel,
a decline of 51 U.S. cents, or 1.02%.
– The S&P/TSX was at 15,134.10 in early trading, a decline of
9.77 points, or 0.06%. The S&P 500 was at 2,475.63, up 5.33
points, or 0.22%. The New York Stock Exchange Dow Jones index
was up 75.77 points (0.35%) at 21,966.89 and the Nasdaq was up
19.70 points (0.31%) at 6,367.82.
