- Category: Economic
- Published Monday, December 14, 2015
- CTV News
TORONTO -- The Canadian dollar was up moderately early Monday but remained below 73 cents US as the Toronto Stock Exchange continued to fall.
The loonie was trading at 72.87 cents US, up 0.10 of a U.S. cent as the S&P/TSX composite index fell 41.30 points to 12,748.65, after dropping nearly 227 points on Friday.
The Dow Jones average of 30 stocks was up 11.76 points at 17,276.97, the broader S&P 500 index rose 3.36 points to 2,015.73 and the Nasdaq gained 6.35 points to 4,939.82.
The low price of oil was a major factor that pushed the Canadian dollar below 73 cents U.S. on Friday for the first time since mid-2004.
The January crude contract was down 18 cents at US$35.44 a barrel Monday morning. The February gold contract fell $3.90 to US$1,071.80 an ounce and the January contract for natural gas was down 11 cents at US$1.88.