China rejigs coronavirus numbers upwards, U.S, government losing faith in how China reports.

By MoneyWay | Feb 13, 2020

World health officials are scrambling to determine just how widespread the new coronavirus is as Chinese authorities reported a surge in new cases overnight after changing how it counts confirmed infections. The U.S. centre for Disease Control and Prevention has confirmed its 15th case, a recent evacuee from Wuhan who was quarantined at the Joint Base San Antonio-Lackland in Texas. The U.S. evacuated roughly 800 Americans from Wuhan, more than 600 of which remain under quarantine at military facilities across the nation. Meanwhile, the White House has stated it does have high confidence in the numbers being reported by China.

The Canadian dollar is basically unchanged from yesterday, oil prices have moved slightly into positive territory,  oil prices moved higher on Thursday as investors focused on the possibility of deeper supply cuts from the world’s biggest producers, whilst largely shrugging off reports which cut demand forecasts after the coronavirus outbreak in China, the biggest oil importer.                                                 

Expect a narrow range today.

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