MONEY IN BRIEF
Currencies
These are indicative wholesale rates for foreign currency provided by the Bank of Canada on Monday. Quotations in Canadian funds.
Australia dollar Brazil real China renminbi Euro
Hong Kong dollar India rupee Indonesia rupiah Japan yen Malaysia ringgit Mexico peso N.Z. dollar Norway krone Peruvian new sol Russia rouble Saudi riyal Singapore dollar South Africa rand South Korean won Sweden krona Switzerland franc Taiwanese dollar Thailand baht Turkey lira
U.K. pound
U.S. dollar Vietnam dong
0.9879 0.3825 0.1992 1.5465 0.1612 0.01960 0.000092 0.01160 0.3200 0.06762 0.9128 0.1589 0.3858 0.02176 0.3361 0.9514 0.10570 0.001163 0.1559 1.3426 0.04298 0.03980 0.3315 1.7420 1.2603 0.000056
Financial highlights
Highlights at the close Monday at world financial market trading. Stocks:
S&P/TSX Composite Index – 15,241.88, up 207.35 points Dow – 24,601.27, up 410.37 points S&P 500 – 2,656.00, up 36.45 points
Nasdaq – 6,981.96, up 107.47 points
Currencies:
Cdn – 79.35 cents US, up 0.04 of a cent
Pound – C$1.7420, up 0.12 of a cent
Euro – C$1.5465, up 0.34 of a cent Euro – US$1.2271, up 0.33 of a cent Oil futures:
US$59.29, up nine cents (March contract)
Gold futures:
US$1,326.40 per oz., up $10.70 (April contract)
Canadian Fine Silver Handy and Harman:
$21.693 oz., up 35.6 cents $697.43 kg., up $11.45
The markets today
TORONTO (CP) — Canada’s main stock index surged more than 200 points in a broad-based advance as U.S. stocks rallied for a second session in a row, erasing some of the massive losses suffered last week.
The gains came after the Toronto stock index dropped more than eight per cent from its all-time high and leading Wall Street indexes slumped into a 10 per cent correction for the first time in two years.
The S&P/TSX composite index advanced 207.35 points or 1.38 per cent to 15,241.88, with materials and gold stocks leading the way. In New York, the Dow Jones industrial average soared 410.37 points or 1.70 per cent to 24,601.27. The S&P 500 index was up 36.45 points or 1.39 per cent to 2,656.00, and the Nasdaq composite index was up 107.47 points or 1.56 per cent to 6,981.96.
“The strength today is a continuation of the rebound we saw midday last Friday. I would still categorize this as a little bit more of a reflex to the extreme selling we saw last week, and I say that because the underlying data has remained categorically positive,” said Craig Fehr, a Canadian markets strategist at Edward Jones in St. Louis.
The Canadian dollar closed an average trading value of 79.35 cents US, up 0.04 of a U.S. cent – putting an end to last week’s five-day slide.
The March crude contract was up nine cents to US$59.29 per barrel and the March natural gas contract was down three cents at US$2.55 per mmBTU. The April gold contract was up US$10.70 to US$1,326.40 an ounce.