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Loonie stable but under 69 cents U.S.

Canada’s currency has been trading near levels that haven’t been seen since the spring of 2003


 

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The Canadian dollar remained near the lowest levels in nearly 13 years Monday but was up slightly.

The Canadian dollar was at 68.98 cents US as the Toronto Stock Exchange opened, up 0.16 from Friday’s close. Canada’s currency has been trading near levels that haven’t been seen since the spring of 2003.

The Toronto Stock Exchange’s S&P/TSX composite index was down 62.66 points at 12,010.80 after 15 minutes of trading. On Friday, the index dropped 262.57 or 2.13 per cent to 12,073.46 — its lowest close since June 2013.

The U.S. stock index futures were down more than two per cent, with the main markets closed Monday for a holiday.

The Dow Jones index futures were down 395.0 points at 15,886.0, S&P 500 futures declined 45.25 points to 1,869.25 and the Nasdaq futures lost 127.5 points to 4,130.0. Major markets in Asia and Europe were also down.

On the commodity markets, the February gold contract rose $15.30 to US$1,088.90 an ounce and the February crude contract was down $2.04 at US$29.16 per barrel.


 
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