MONEY IN BRIEF
These are indicative wholesale rates for foreign currency provided by the Bank of Canada on Tuesday. 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.S. dollar Vietnam dong
0.9969 0.3878 0.1950 1.5300 0.1577 0.01936 0.000092 0.01134 0.3160 0.06596 0.9044 0.1599 0.3833 0.02192 0.3287 0.9404 0.10300 0.001149 0.1564 1.3199 0.04215 0.03924 0.3262 1.7427 1.2328 0.000054
Highlights at the close Tuesday at world financial market trading. Stocks:
S&P/TSX Composite Index – 15,955.51, down 139.21 points Dow – 26,076.89, down 362.59 points
S&P 500 – 2,822.43, down 31.10 points
Nasdaq – 7,402.48, down 64.03 points
Cdn – 81.12 cents US, up 0.05 of a cent
Pound – C$1.7427, up 0.75 of a cent
Euro – C$1.5300, up 0.43 of a cent Euro – US$1.2411, up 0.42 of a cent
US$64.50, down $1.06 (March contract)
US$1,340.00 per oz., down $5.10 (April contract)
Canadian Fine Silver Handy and Harman:
$21.991 oz., unchanged $707.01 kg., unchanged
The markets today
TORONTO (CP) — Falling oil prices dragged down Canada’s main stock index to its lowest point this year, as U.S. markets also plunged into the red.
The S&P/TSX composite index fell 139.21 points to 15,955.51, with energy stocks leading the broad-based decline. The last time the TSX closed below 16,000 was Dec. 6.
In New York, the Dow Jones industrial average lost 362.59 points to 26,076.89. The S&P 500 index was down 31.10 points to 2,822.43 and the Nasdaq composite index gave back 64.02 points to 7,402.48. Health-care companies were the biggest losers on Tuesday, as insurers, drugmakers and distributors slumped following news that Amazon was teaming up with JPMorgan Chase and Berkshire Hathaway on a new venture. The Canadian dollar closed at an average trading value of 81.12 cents US, up 0.05 of a U.S. cent. In commodities, the March crude contract fell US$1.06 to US$64.50 per barrel and the March natural gas contract was up three cents to US$3.19 per mmBTU.
The April gold contract was down US$5.10 to US$1,340.00 an ounce.