Loonie drops one-third cent, stock markets negative Wednesday morning

TORONTO - The Canadian dollar was down about one-third of a cent Wednesday morning as North American stock markets traded lower.

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The loonie traded at 72.01 cents US, down 0.33 from Tuesday's close.

The Toronto Stock Exchange's S&P/TSX index fell 66.41 points to 13,179.34. On Tuesday, it fell 64.05 points.

The Dow Jones average of 30 stocks was down 35.89 points at 17,685.09, the broader S&P 500 index declined 5.48 points to 2,072.88 and the Nasdaq lost 17.23 points to 5,090.71.

The February gold contract fell $8.20 to US$1,059.80 an ounce, the February crude contract was down $1.19 at US$36.68 per barrel and the February contract for natural gas was down 16 cents at US$2.21.



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