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 Fri­day. Quo­ta­tions in Cana­dian funds. Aus­tralia dol­lar 0.9551

Brazil real 0.3571

China ren­minbi 0.1961

Euro 1.5222

Hong Kong dol­lar 0.1691

In­dia ru­pee 0.01883

In­done­sia ru­piah 0.000094

Ja­pan yen 0.01223

Malaysia ring­git 0.3237

Mex­ico peso 0.06928

N.Z. dol­lar 0.9051

Nor­way krone 0.1557

Pe­ru­vian new sol 0.3966

Rus­sia rou­ble 0.01979

Saudi riyal 0.3534

Sin­ga­pore dol­lar 0.9802

South Africa rand 0.09572

South Korean won 0.001185 Swe­den krona 0.1486 Switzer­land franc 1.3481 Tai­wanese dol­lar 0.04306 Thai­land baht 0.04151

Tur­key lira 0.242

U.K. pound 1.7011

U.S. dol­lar 1.3259

Viet­nam dong 0.000057

The mar­kets to­day

TORONTO (CP) — Canada’s main stock in­dex’s rally con­tin­ued for a sixth straight day Fri­day as it posted its best weekly per­for­mance in more than three years. The S&P/TSX com­pos­ite in­dex closed up 35.69 points to 14,939.18. The mar­ket gained 512.56 points or 3.55 per cent for the week, its best run since Oc­to­ber 2015.

The Toronto mar­ket en­joyed its first six-day pos­i­tive streak since mid-June. U.S. mar­kets snapped their stretch at five days, al­though they were up about two per cent for the week.

“It’s def­i­nitely been a week of re­lief trad­ing,” said Ian Scott, an eq­uity an­a­lyst at Man­ulife As­set Man­age­ment.

In New York, the Dow Jones in­dus­trial av­er­age lost 5.97 points at 23,995.95. The S&P 500 in­dex was down 0.38 of a point at 2,596.26, while the Nas­daq com­pos­ite was down 14.59 points at 6,971.48.

“It’s been kind of an ab­sence of neg­a­tive news we’ve been hav­ing over the past few weeks that has al­lowed us to kind of snap back,” he said in an in­ter­view.

Af­ter ris­ing for sev­eral days, the S&P 500 has hit a level of tech­ni­cal re­sis­tance in not sur­pass­ing 2,600, said Scott.

He said U.S. mar­kets are wait­ing for the earn­ings sea­son to kick into gear next week with the re­port­ing of sev­eral large banks, along with any news of trade ne­go­ti­a­tions be­tween the U.S. and China to de­ter­mine if they will re­sume their ral­lies or head lower. All sec­tors on the TSX gained Fri­day ex­cept in­dus­tri­als and util­i­ties, which dipped slightly. Cana­dian Nat­u­ral Re­sources Inc., Bar­rick Gold Corp. and CIBC were the top per­form­ers on the com­pos­ite in­dex, while Sun­cor En­ergy Inc., Cana­dian Na­tional Rail­way Co. and CGI Group Inc. were at the bot­tom.

Health care led by gain­ing about three per cent on ap­pre­ci­a­tion by sev­eral cannabis pro­duc­ers. The tone was set with Til­ray’s stock soar­ing more than 19 per cent on Nas­daq af­ter top share­holder Pri­va­teer Hold­ings Inc. said it did not plan to sell its stock when the lock-up ex­pires next week.

The en­ergy sec­tor was one of the weaker per­form­ers Fri­day, gain­ing slightly as the streak of higher crude oil prices ended at 10 days as prices rose by 7.6 per cent for the week.

The Fe­bru­ary crude con­tract was down $1 at US$51.59 per bar­rel Fri­day. The Fe­bru­ary gold con­tract was up US$2.10 at US$1,289.50 an ounce and the March cop­per con­tract was up 2.45 cents at US$2.66 a pound. The Cana­dian dol­lar traded at an av­er­age of 75.42 cents US.

Newspapers in English

Newspapers from Canada

© PressReader. All rights reserved.