MONEY IN BRIEF
Currencies
These are indicative wholesale rates for foreign currency provided by the Bank of Canada on Thursday. 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 0.9616 0.3466 0.2010 1.5103 0.1631 0.01889 0.000091 0.01156 0.3225 0.06498 0.8808 0.1577 0.3911 0.02064 0.3413 0.9536 0.10180 0.001183 0.1465 1.2779 0.04277 0.03988 0.2873 1.7293 1.2801 0.000056
Financial highlights
Highlights at the close Thursday at world financial market trading. Stocks:
S&P/TSX Composite Index – 16,143.55, up 35.49 points Dow – 24,713.98, down 54.95 points
S&P 500 – 2,720.13, down 2.33 points
Nasdaq – 7,382.47, down 15.83 points
Currencies:
Cdn – 78.12 cents US, up 0.05 of a cent
Pound – C$1.7293, up 0.16 of a cent
Euro – C$1.5103, down 0.07 of a cent
Euro – US$1.1798, up 0.02 of a cent
Oil futures:
US$71.49, unchanged
(June contract)
Gold futures:
US$1,289.40 per oz., down $2.10 (June contract)
Canadian Fine Silver Handy and Harman:
$21.942 oz., up 11.3 cents $705.44 kg., up $3.64
The markets today
TORONTO (CP) —Canada’s main stock index closed up Thursday for a tenth straight day of gains as the TSX once again outperformed its U.S. counterparts. The improved performance of the TSX, which is up about 500 points in the stretch, comes as energy stocks gain ground, said Candice Bangsund, vice president and a portfolio manager at Fiera Capital Corp.
“Today’s really revolving around the energy story across the board. So energy outperformance both in Canada and the U.S.”
The delayed rise in energy stocks is helping the Canadian market outperform U.S. indices since energy stocks make up about 25 per cent of the market, said Bangsund.
“After lagging quite substantially the underlying crude prices for the last year, energy stocks or companies are finally playing catch-up here in the second quarter, which has obviously been inherently positive for the Canadian equity market and helped to close that performance gap, and that’s really what we’re seeing here again today, TSX outperformance versus its peers in the U.S.”
The Toronto Stock Exchange’s S&P/TSX composite index closed up 35.49 points at 16,143.55. The S&P/TSX capped energy index was up 2.12 per cent.
The recent boost of the TSX comes as the headwinds of the past year including the discount to Western Canadian production and trade fears ease, she said.