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 0.9812
Brazil real 0.3498
China renminbi 0.2039
Euro 1.5193 Hong Kong dollar 0.1663
India rupee 0.01929
Indonesia rupiah 0.000094
Japan yen 0.01182
Malaysia ringgit 0.3275
Mexico peso 0.06306
N.Z. dollar 0.9142
Norway krone 0.1613
Peruvian new sol 0.3990
Russia rouble 0.02095
Saudi riyal 0.3480
Singapore dollar 0.9739
South Africa rand 0.09802
South Korean won 0.001202
Sweden krona 0.1500
Switzerland franc 1.3135
Taiwanese dollar 0.04362
Thailand baht 0.04056
Turkey lira 0.2785
U.K. pound 1.7379
U.S. dollar 1.3052
Vietnam dong 0.000057
Financial highlights
Highlights at the close Thursday at world financial market trading. Stocks:
S&P/TSX Composite Index – 16,328.96, up 63.14 points Dow – 25,175.31, down 25.89 points
S&P 500 – 2,782.49, up 6.86 points
Nasdaq – 7,761.04, up 65.34 points (record high) Currencies:
Cdn – 76.62 cents US, down 0.37 of a cent
Pound – C$1.7379, up 0.23 of a cent
Euro – C$1.5193, down 1.02 cents Euro – US$1.1640, down 1.36 cents
Oil futures:
US$66.89, up 25 cents
(July contract)
Gold futures:
US$1,308.30 per oz., up $7.00 (August contract)
Canadian Fine Silver Handy and Harman:
$23.319 oz., up 34.5 cents $749.71 kg., up $11.10
The markets today
Canada’s main stock index made gains Thursday, boosted by strength in the gold sector as the price of the commodity gained seven dollars.
The S&P/TSX composite index advanced 63.14 points to 16,328.96. Shares in the gold sector were the best performing of the day, gaining on average 1.74 per cent of their worth.
That rise came as the August gold contract gained US$7 to US$1,308.30 an ounce.
The TSX was not up on any major headlines, said Allan Small, a senior investment adviser at HollisWealth, noting the recent spate of major headlines, including the historic U.S. and North Korea summit, the G7 meeting and U.S. President Donald Trump’s tweets attacking Canada.
“I think now what’s left is everyone trying to pick up the pieces and trying to figure out (these) trade issues. And, I think, right now, that’s what’s really in the minds of investors, what’s going on, on the trade front,” he said. South of the border, markets were mixed.
The Dow Jones industrial average fell 25.89 points to 25,175.31. The S&P 500 index rose 6.86 points to 2,782.49 and the Nasdaq composite index moved up 65.34 points to 7,761.04, a record high. Elsewhere in commodities, the July crude contract advanced 25 cents to US$66.89 per barrel and the July natural gas contract stayed relatively unchanged at about US$2.97 per mmBTU. The July copper contract shed about three cents to US$3.22 a pound.