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Markets are now worrying about a new coronavirus

By MoneyWay | Jan 21, 2020

The outbreak of a new coronavirus stemming from Wuhan, China, has killed six people and afflicted nearly 300 others ahead of the Lunar New Year holiday during which hundreds of millions of people are expected to travel. Chinese officials have confirmed that it can spread between humans and said 15 medical staff have now been infected, stoking fears about an international pandemic and prompting airport authorities around the world to step up screening of travelers arriving from China. The outbreak could hit the economy, experts warned as they pointed to the fallout from the deadly SARS crisis in 2003.

The Canadian dollar is a bit weaker still waiting for the Bank of Canada tomorrow.

Currently             Close                     Range

USDCAD               1.3068                   1.3048                   1.3045-1.3078                   

EURCAD               1.4495                   1.4477                   1.4472-1.4524

GBPCAD               1.7050                   1.6977                   1.6960-1.7085

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