U.S. airlines canceling all flights to mainland China, stock markets fall

Equity markets fell across the board this morning, erasing all of January’s gains for the Dow. Investors are growing more and more worried about the potential economic impact on not just China but the rest of the world. Adding to this was the announcement by Delta and American airlines suspending all flights to China. Some countries in Asia have announced outright bans of incoming travelers from China, no matter what part of the country there are coming from.

Oil prices have barely moved today, and the Canadian dollar is a little weaker, both the euro and sterling jumped as today is the day that Britain leaves the EU, expect the Canadian dollar to range trade to the USD today.

                                Currently             Close                     Range

USDCAD               1.3220                   1.3209                   1.3195-1.3245

EURCAD               1.4650                   1.4572                   1.4555-1.4666

GBPCAD               1.7440                   1.7295                   1.7267-1.7451