North American stock markets up moderately, loonie down sharply

TORONTO -- The North American stock markets were positive shortly after they opened Monday but the loonie was showing a loss.

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The loonie was down 0.24 of a cent at 71.47 cents US. It had been slightly positive before North American markets opened.

The Toronto Stock Exchange's S&P/TSX index rose 31.19 points to 13,055.49 -- adding to a 14-point gain on Friday.

The Dow Jones average of 30 stocks was up 30.90 points at 17,159.45, the broader S&P 500 index advanced 5.95 points to 2,011.50 and the Nasdaq gained 21.60 points to 4,944.68.

On the commodity markets, the February gold contract rose $13.80 to US$1,078.80 an ounce, the February crude contract was down 47 cents at US$35.59 per barrel and the January contract for natural gas was up 14 cents at US$1.91.


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