Advertisement
Canada markets close in 6 hours 6 minutes
  • S&P/TSX

    22,362.71
    +103.55 (+0.47%)
     
  • S&P 500

    5,187.48
    -0.19 (-0.00%)
     
  • DOW

    39,115.42
    +59.03 (+0.15%)
     
  • CAD/USD

    0.7301
    +0.0013 (+0.18%)
     
  • CRUDE OIL

    79.13
    +0.14 (+0.18%)
     
  • Bitcoin CAD

    83,803.59
    -1,282.31 (-1.51%)
     
  • CMC Crypto 200

    1,320.93
    +20.83 (+1.60%)
     
  • GOLD FUTURES

    2,326.00
    +3.70 (+0.16%)
     
  • RUSSELL 2000

    2,055.07
    -0.06 (-0.00%)
     
  • 10-Yr Bond

    4.4980
    +0.0060 (+0.13%)
     
  • NASDAQ

    16,267.04
    -35.72 (-0.22%)
     
  • VOLATILITY

    13.24
    +0.24 (+1.85%)
     
  • FTSE

    8,371.26
    +17.21 (+0.21%)
     
  • NIKKEI 225

    38,073.98
    -128.39 (-0.34%)
     
  • CAD/EUR

    0.6778
    +0.0002 (+0.03%)
     

South Africa's rand firmer, stocks to open higher

A street money changer counts South African Rands in Harare, Zimbabwe, May 5, 2016. REUTERS/Philimon Bulawayo (Reuters)

JOHANNESBURG (Reuters) - South Africa's rand firmed against the U.S. dollar in early trade on Monday but analysts said heightened political risks could weigh on the currency this week after a senior member of South Africa's ruling ANC urged its top leaders to quit. * At 0645 GMT, the rand traded at 13.b9350 per dollar, 0.36percent firmer from its New York close on Friday. * ANC parliamentary chief whip Jackson Mthembu urged theparty's to leaders to quit, saying on Sunday fraud chargesagainst Finance Minister Pravin Gordhan reflected an abuse ofpower to settle political scores within the party. * Market focus also on Gordhan's medium-term budgetstatement on Wednesday. * Blue chip futures index up 0.2 percent, indicating JSEsecurities exchange opening slightly higher at 0700 GMT. * Yield for the benchmark government bond due in 2026 dips3.5 basis points 8.795 percent. (Reporting by Olivia Kumwenda-Mtambo)