MONEY IN BRIEF
Currencies
These are indicative wholesale rates for foreign currency provided by the Bank of Canada on Friday. Quotations in Canadian funds.
Australia dollar 0.9984
Brazil real 0.3915
China renminbi 0.1950
Euro 1.5314
Hong Kong dollar 0.1576
India rupee 0.01937
Indonesia rupiah 0.000093
Japan yen 0.01133
Malaysia ringgit 0.3183
Mexico peso 0.06656
N.Z. dollar 0.9055
Norway krone 0.1603
Peruvian new sol 0.3834
Russia rouble 0.02194
Saudi riyal 0.3285
Singapore dollar 0.9426
South Africa rand 0.10370
South Korean won 0.001157
Sweden krona 0.1565
Switzerland franc 1.3176
Taiwanese dollar 0.04310
Thailand baht 0.03929
Turkey lira 0.3284
U.K. pound 1.7482 U.S. dollar 1.2321
Vietnam dong 0.000054
Financial highlights
Highlights at the close Friday at world financial market trading. Stocks:
S&P/TSX Composite Index – 16,239.22, up 35.21 points Dow – 26,616.71, up 223.92 points (record high)
S&P 500 – 2,872.87, up 33.62 points (record high) Nasdaq - 7,505.77, up 94.61 points (record high) Currencies:
Cdn – 81.16 cents US, up 0.01 of a cent
Pound – C$1.7482, down 0.76 of a cent
Euro – C$1.5314, down 0.49 of a cent
Euro – US$1.2429, down 0.38 of a cent
Oil futures:
US$66.14, up 63 cents (March contract)
Gold futures:
US$1,352.10 per oz., down $10.80 (February contract)
Canadian Fine Silver Handy and Harman: daily quote unavailable from source; office closed on Fridays ( Thursday: $22.521 oz.; $724.05 kg.)
The markets today
TORONTO (CP) – Canada’s main stock index rose modestly in a largely broad-based advance Friday, as U.S. stocks soared to new record highs.
The S&P/TSX composite index was up 35.21 points to 16,239.22, with the industrials sector among key advancers as Bombardier Inc. shares surged 15.31 per cent following news it won its trade dispute with Boeing Co.
The U.S. International Trade Commission ruled in favour of the Canadian plane maker, voting that Boeing did not suffer harm from prospective imports of C Series commercial jets. The ruling means anti-dumping and countervailing duties totalling about 300 per cent imposed by the U.S. Department of Commerce won’t be applied. Bombardier’s stock was up 47 cents to $3.54 at the closing of markets. South of the border, Wall Street roared back into positive territory amid comments by Donald Trump at the World Economic Forum in Davos, in which the U.S. president said his administration isn’t opposed to international co-operation.
“I think the market really took a lot of positives away from that,” said JJ Kinahan, chief investment strategist for TD Ameritrade. In New York, the Dow Jones industrial average climbed 223.92 points to 26,616.71. The S&P 500 index gained 33.62 points to 2,872.87 and the Nasdaq composite index advanced 94.61 points to 7,505.77.