CANADA FX DEBT-C$ rises on higher equities, oil
* C$ at 97.21 U.S. cents
* JPMorgan results ease fears about U.S. financial sector
* Bonds slightly lower
By John McCrank
TORONTO, July 15 (Reuters) - The Canadian dollar rose against a soft U.S. dollar on Thursday as equity markets firmed and helped give a bid to oil prices.
JPMorgan, the first of the major U.S. banks to post second-quarter results, reported profits that beat analysts' expectations and said credit losses broadly were slowing. [ID:nN13247761]
That eased fears about the strength of the U.S. financial sector and sent both U.S. stock futures and European equity markets higher.
The positive sentiment helped oil climb above $77 a barrel. Canada is the No. 1 exporter of oil to the United States. [O/R]
The bounce in equities helped crude prices reverse earlier losses triggered by data that showed more moderate economic growth in China, the world's second biggest oil consumer. [ID:nTOE66D06L] Continued...