MONEY IN BRIEF

The Prince George Citizen - - Money -

Cur­ren­cies

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

Aus­tralia dol­lar 0.8984

Brazil real 0.318

China ren­minbi 0.1864

Euro 1.4584

Hong Kong dol­lar 0.1693

In­dia ru­pee 0.01873

In­done­sia ru­piah 0.000094

Ja­pan yen 0.01235

Malaysia ring­git 0.3176

Mex­ico peso 0.06819

N.Z. dol­lar 0.8341

Norway krone 0.1464

Peru­vian new sol 0.3948

Rus­sia rou­ble 0.02079

Saudi riyal 0.3537

Sin­ga­pore dol­lar 0.9629

South Africa rand 0.0892

South Korean won 0.001109

Sweden krona 0.1363

Switzer­land franc 1.3401

Tai­wanese dol­lar 0.04281

Thai­land baht 0.04354

Turkey lira 0.2317

U.K. pound 1.6491

U.S. dol­lar 1.327

Viet­nam dong 0.000057

The mar­kets to­day

Canada’s main stock in­dex fell from its record high on a “be­nign” day in which losses in the fi­nan­cial and telecom­mu­ni­ca­tions sec­tors off­set gains in ma­te­ri­als and en­ergy.

“I think this kind of a catch-your-breath mo­ment for the mar­kets,” said Craig Fehr, Cana­dian mar­kets strate­gist, Ed­ward Jones. “The TSX and S&P 500 are both within a hair of all-time highs and so to­day I think we’re see­ing mar­kets kind of take a deep breath in the wake of the Fed in­ter­est rate cut and are sur­vey­ing both the global eco­nomic data and the shift­ing mon­e­tary pol­icy en­vi­ron­ment.”

The S&P/TSX com­pos­ite in­dex closed down 32.49 points at 16,867.20 af­ter hit­ting an in­tra­day high of 16,892.50, just short of its Fri­day clos­ing.

Seven of the 10 ma­jor sec­tors on the TSX were down led by telecom­mu­ni­ca­tions, which fell nearly one per cent. The heavy­weight fi­nan­cials sec­tor was off 0.37 per cent as shares of Brook­field As­set Man­age­ment Inc. lost 1.77 per cent, fol­lowed by the Bank of Mon­treal.

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