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Global markets: Technology sector becomes investor darling

By Commodity News Service Canada

July 20 (CNS Canada) – The following is a glance at the news moving markets in Canada and globally.

– Investors are delving into technology sector stocks, as they look for sectors that might escape the policy gridlock in Washington. The sector is also thought to show good growth potential by many analysts.

– Markets are watching the European Central Bank for signs it may seek to gradually pull out of its economic stimulus program.

– BlackBerry Ltd. said today it has gained approval to sell encryption technology for phone calls and text messages to the United States federal government. The U.S. National Security Agency endorsed BlackBerry’s system, as it has done for rivals Apple and Samsung.

– The number of Canadians drawing Employment Insurance is down by 12,800 in May compared to April. The 2.4 per cent drop carries on a trend of declining Employment Insurance numbers that began in autumn 2016. Alberta showed the largest decline in May. The number of beneficiaries there fall 7.2 per cent.

– U.S. President Donald Trump is making a last-gasp attempt to save the Republican party’s health-care bill, challenging senators to repeal and replace Obamacare before heading off to summer recess. A senate vote is expected next week.

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