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 0.9678 0.3683 0.2027 1.5509 0.1635 0.01931 0.000092 0.01174 0.3273 0.06847 0.9040 0.1602 0.3953 0.02040 0.3423 0.9687 0.10310 0.001200 0.1469 1.2957 0.04335 0.04066 0.3164 1.7656 1.2836 0.000056
Financial highlights
Highlights at the close Monday at world financial market trading. Stocks:
S&P/TSX Composite Index – 15,607.88, down 61.05 points Dow – 24,163.15, down 148.04 points
S&P 500 – 2,648.05, down 21.86 points
Nasdaq – 7,066.27, down 53.53 points
Currencies:
Cdn – 77.91 cents US, up 0.13 of a cent
Pound – C$1.7656, down 0.61 of a cent
Euro – C$1.5509, down 0.49 of a cent
Euro – US$1.2082, down 0.19 of a cent
Oil futures:
US$68.57, up 47 cents
(June contract)
Gold futures:
US$1,319.20 per oz., down $4.20 (June contract)
Canadian Fine Silver Handy and Harman:
$21.893 oz., down 15.5 cents $703.86 kg., down $4.98
The markets today
TORONTO (CP) — Canada’s main stock index fell in the first trading day after a technical problem shut down the Toronto Stock Exchange early at the end of last week, with one analyst noting the disruption raised some questions about the reliability of the exchange.
The S&P/TSX composite index fell 61.05 points to 15,607.88.
Last Friday, a hardware failure forced the Canadian market to end the trading day early after both the primary and redundant components were affected, the TMX Group said. The problem also affected the TSX Venture Exchange, the TSX Alpha Exchange and the Montreal Exchange. But it’s unlikely there’s been a structural impact to the market, aside from some possible catchup trading on Monday, said Craig Fehr, a Canadian markets strategist at Edward Jones in St. Louis. Instead, the reaction mainly involves questions around whether appropriate safeguards are in place to ensure a shut down won’t recur, he said.
“I think it’s much more just around the confidence that this type of issue isn’t going to happen again as we become a more electronic world, certainly a more electronic market,” he said.
“I think there’s always questions around what the potential is for disruptions.”
The TMX is committed to applying the lessons it learned from the Friday disruption to help it prevent future recurrences, said TMX CEO Lou Eccleston in a statement released Saturday.