MONEY IN BRIEF

The Prince George Citizen - - Money -

Cur­ren­cies

These are in­dica­tive whole­sale rates for for­eign cur­rency pro­vided by the Bank of Canada on Wed­nes­day. Quo­ta­tions in Cana­dian funds.

Aus­tralia dol­lar 0.8969

Brazil real 0.3202

China ren­minbi 0.1857

Euro 1.4739 Hong

Kong dol­lar 0.1695

In­dia ru­pee 0.01853

In­done­sia ru­piah 0.000093

Ja­pan yen 0.01256

Malaysia ring­git 0.3157

Mex­ico peso 0.0664

N.Z. dol­lar 0.8432

Nor­way krone 0.1472

Peru­vian new sol 0.3915

Rus­sia rou­ble 0.01993

Saudi riyal 0.3547

Singapore dol­lar 0.9579

South Africa rand 0.08656

South Korean won 0.001096

Sweden krona 0.1369

Switzer­land franc 1.3554

Tai­wanese dol­lar 0.04233

Thai­land baht 0.04344

Turkey lira 0.229

U.K. pound 1.6255

U.S. dol­lar 1.3301

Viet­nam dong 0.000057

The mar­kets to­day

The en­ergy sec­tor led Canada’s main stock in­dex as it closed higher along with U.S. mar­kets in a day that saw a lull in trade­war news.

Mar­kets rose more out of the ab­sence of news than any clear pos­i­tive push, said Candice Bang­sund, port­fo­lio man­ager for Fiera Cap­i­tal. “Noth­ing re­ally in the way of a catalyst, but it may just be a case of no news be­ing good news, par­tic­u­larly on the eq­uity front.”

The rel­a­tively qui­eter day, which still saw a ma­jor move on the Brexit front, is in con­trast to ma­jor es­ca­la­tions in the trade dis­pute be­tween China and the U.S. re­cently, said Bang­sund.

“Ev­ery day for the last week or so we’ve been get­ting some sort of trade-re­lated head­line, whether it was China’s re­tal­ia­tory tar­iffs Fri­day morn­ing fol­lowed by Trump’s re­tal­i­a­tion there­after,” she said.

“It’s been fairly event­ful, and of course that weighs on sen­ti­ments.”

The S&P/TSX com­pos­ite in­dex closed up 88.06 points at 16,271.65.

The en­ergy sec­tor led gains with a 3.09 per cent climb in the S&P/TSX en­ergy in­dex. The sec­tor was up as U.S. oil in­ven­to­ries dropped sig­nif­i­cantly more than ex­pected, said Bang­sund.

Most sec­tors saw gains, with the ex­cep­tion of in­for­ma­tion technology, which was down 1.1 per cent.

In New York, the Dow Jones in­dus­trial av­er­age closed up 258.20 points at 26,036.10. The S&P 500 in­dex was up 18.78 points at 2,887.94, while the Nas­daq com­pos­ite was up 29.94 points at 7,856.88. The Cana­dian dol­lar av­er­aged 75.18 cents US, down from an av­er­age of 75.37 cents US on Tues­day.

The down­ward pres­sure on the loonie came in part af­ter the U.S. dol­lar rose, as in­vestors sold off the Bri­tish pound af­ter Prime Min­is­ter Boris John­son asked Queen El­iz­a­beth to sus­pend Par­lia­ment. The move would ham­per law­mak­ers’ ef­forts to quash a no-deal Brexit at the end of Oc­to­ber.

The Oc­to­ber crude con­tract closed up 85 cents at US$55.78 per bar­rel and the Oc­to­ber nat­u­ral gas con­tract was up three cents at US$2.22 per mmBTU.

The De­cem­ber gold con­tract was down US$2.70 at US$1,549.10 an ounce and the De­cem­ber cop­per con­tract was up 1.2 cents at US$2.57 a pound.

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