By Commodity News Service Canada
WINNIPEG, Aug. 2 (CNS Canada) – The Canadian dollar was lingering just below 80 cents U.S. this morning at US$0.7957 at 8:52 a.m. CDT (C$1.2568 per US$1). It closed Tuesday at US$0.7991 or C$1.2514 per US$1.
Apple Inc. shares have climbed following the company’s projected revenue for the third quarter and news that its new phone release is on schedule. Apple stock rose six per cent in after-hours trading and is up about 30 per cent so far in 2017.
China is defending its oil and gas explorations on islands in a disputed jurisdiction of the East China Sea. It says the islands are “indisputably” under its authority. Japan also claims the islands.
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The political crisis in Venezuela could provide support for oil prices, as the U.S. and other countries explore economic sanctions. At the same time, OPEC nations are renewing promises to limit production.
The S&P/TSX index was up 38.34 points (0.25%) in early trading and reached 15,240.44 at 9:52 a.m. CDT. The increase was attributed to gains by big banks and gold mining companies.
In New York, the Dow Jones reached the 22,000 mark for the first time in its history. The Dow was up 36.59 points (0.17%) at 22,000.51, boosted by strong performance in Apple Inc. shares.
The S&P 500 was down slightly early this morning by 1.40 points (.06%) at 2,474.95 and the Nasdaq was up 10.36 points (0.16%) at 6,373.30.
