TSX index lower, U.S. markets and loonie higher

TORONTO -- Canada's dollar and U.S. stock indexes began the second week of 2016 on a positive note but the Toronto market declined early Monday.

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The S&P/TSX Composite index was down 29.70 points at 12,415.75. The index lost 4.3 per cent of its value last week, and is down about 20 per cent from an all-time high set in September 2014 -- signalling a bear market.

In New York, the Dow Jones average of 30 stocks was up 43.28 points at 16,389.73, the broader S&P 500 index advanced 5.18 points to 1,927.21 and Nasdaq gained 12.01 points to 4,655.64.

Major European equity indexes were showing mixed results, with London's FTSE 100 slighly lower, but the Paris CAC 40 and Germany's DAX up a bit. Asian markets closed mostly lower, with China's Shanghai suffering another major decline, falling about 5.3 per cent.

The Canadian dollar was at 70.88 cents US, up 0.20 cent from Friday's close.

On the commodity markets, the February gold contract rose $4 to US$1,101.90 an ounce, the February crude contract was down 73 cents at US$32.43 per barrel and the February contract for natural gas was down eight cents at US$2.39.



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