Loonie, Toronto stock market edge up after falling on Thursday

TORONTO -- The Canadian dollar and Toronto Stock Exchange were showing signs of improvement Friday morning.

The loonie started the day with a small decline but later gained one-tenth of a U.S.

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cent, rising 0.10 to 71.78 cents US -- still near 11-year lows.

The Toronto Stock Exchange was also off to a positive start Friday, with the S&P/TSX composite index rising 44.54 points to 13,054.47 shortly after trading began. The index fell 156.15 points on Thursday.

In New York this morning, the Dow Jones average of 30 stocks was down 122.13 points at 17,373.71, the broader S&P 500 index declined 11.47 points to 2,030.42 and the Nasdaq fell 11.19 points to 4,991.36.

On the commodity markets, the February gold contract rose $13.40 to US$1,063.00 an ounce, the January crude contract was up four cents at US$34.99 per barrel and the January contract for natural gas was up five cents at US$1,80.

On Thursday, the Canada's dollar fell 0.86 of a U.S. cent as it felt the impact of a stronger American dollar and weak commodity markets.



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