Canadian dollar, U.S. index futures rise despite loss in Shanghai

TORONTO -- Canada's dollar and stock indexes were indicating the second week of the 2016 trading year start on a positive note.

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The Canadian dollar was at 71.02 cents US, up 0.34 cent from Friday's close.

Major European equity indexes remained slightly positive ahead of trading in North America, even though China's Shanghai stock market had another major decline as the trading week began in Asia, falling about 5.3 per cent.

The Dow Jones index futures were up 108 points at 16,343.0, S&P 500 futures advanced 15.3 points to 1,926.8 and the Nasdaq futures gained 29.3 points to 4.290.8 -- all up less than half a percentage point.

On the commodity markets, the February gold contract rose $3.80 to US$1,101.70 an ounce, the February crude contract was down seven cents at US$33.09 per barrel and the February contract for natural gas was down four cents at US$2.43.

The TSX lost 4.3 per cent of its value last week, the first trading of 2016. It closed Friday at 12,445.45, down a negligible 2.76 points for the day but down 20 per cent from an all-time high set in September 2014 -- signalling a bear market.



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