MONEY IN BRIEF

The Prince George Citizen - - Money -

Cur­ren­cies

OT­TAWA (CP) — These are in­dica­tive whole­sale rates for for­eign cur­rency pro­vided by the Bank of Canada on Thurs­day. Quo­ta­tions in Cana­dian funds. Aus­tralia dol­lar 0.9678 Brazil real 0.3434 China ren­minbi 0.1947 Euro 1.5254 Hong Kong dol­lar 0.1716 In­dia ru­pee 0.01891 In­done­sia ru­piah 0.000092

Japan yen 0.01191

Malaysia ring­git 0.3219 Mex­ico peso 0.06555

N.Z. dol­lar 0.9218

Nor­way krone 0.1572 Pe­ru­vian new sol 0.3968 Rus­sia rou­ble 0.02002

Saudi riyal 0.3573 Sin­ga­pore dol­lar 0.9785

South Africa rand 0.09502 South Korean won 0.001196 Swe­den krona 0.149 Switzer­land franc 1.3502 Tai­wanese dol­lar 0.04342 Thai­land baht 0.04079 Tur­key lira 0.2508 U.K. pound 1.7131 U.S. dol­lar 1.3404

Viet­nam dong 0.000057

The mar­kets to­day

TORONTO (CP) — North Amer­i­can stock mar­kets par­tially re­cov­ered from deep losses Thurs­day amid fall­ing oil prices and wor­ries that the ar­rest of a se­nior ex­ec­u­tive at Chi­nese tele­com equip­ment maker Huawei could de­rail progress in China-U.S. trade talks. Ner­vous­ness per­vaded mar­kets early as hope­ful signs about a trade truce be­tween the world’s two largest economies dis­ap­peared overnight with the ar­rest, said Candice Bang­sund, port­fo­lio man­ager for Fiera Cap­i­tal. “Mar­kets have just been whip­sawed to­day, right at the open the mar­ket just col­lapsed a cou­ple per cent. It seems to be mak­ing up a lit­tle bit of ground here this af­ter­noon but it looks like it’s still go­ing to be a sea of red across eq­uity mar­kets to­day,” she said in an in­ter­view. Bang­sund said there have been no signs yet of a pull­back in the agree­ment reached at the G20 meet­ing or re­tal­i­a­tion from China.

“But I think that there’s just a lot of spec­u­la­tion that this is go­ing to sour the re­la­tions be­tween the U.S. and China at a very sen­si­tive time.” In ad­di­tion, on­go­ing uncer­tainty about crude pro­duc­tion af­ter an agree­ment wasn’t reached at Thurs­day’s OPEC meet­ing in Vi­enna weighed on crude prices and eq­uity mar­kets.

The S&P/TSX com­pos­ite in­dex closed down 1.6 per cent, los­ing 245.64 points to reach a five-week low of 14,937. At one point in the day, the TSX lost more than 400 points to reach 14,773.86.

The in­flu­en­tial en­ergy sec­tor was the big loser, fall­ing 5.4 per cent to wipe out Wed­nes­day’s gains. Other key sec­tors in­clud­ing in­dus­tri­als, fi­nan­cials and ma­te­ri­als were also down. Health care closed up 6.6 per cent as cannabis pro­ducer Aphria Inc. re­bounded from three days of share losses with a 51 per cent gain on the day af­ter a spe­cial com­mit­tee of in­de­pen­dent di­rec­tors was ap­pointed to re­view the com­pany’s ac­qui­si­tion of LATAM Hold­ings Inc., which has been crit­i­cized by short-sell­ers. En­ergy shares fell as the Jan­uary crude oil con­tract was down US$1.40 at US$51.49 per bar­rel. In New York, the Dow Jones in­dus­trial av­er­age re­bounded from a 780-point plunge to lose 79.40 points at 24,947.67. The Cana­dian dol­lar traded at an av­er­age of 74.60 cents US com­pared with an av­er­age of 74.89 cents US on Wed­nes­day.

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