TSX rises modestly, loonie edges up, crude oil price advances

TORONTO -- The Toronto Stock Exchange began trading Tuesday on a positive note, joining American and European markets with a modest advance shortly after the open.

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The S&P/TSX Composite index gained 67.41 points to 12,386.66, about half a percentage point. But Canada's main stock market indicator has lost more than seven per cent of its value since Christmas Eve, including 126.20 points on Monday.

In New York, the advances were slightly more robust. The Dow Jones average of 30 stocks was up 113.92 points at 16,512.49, the broader S&P 500 index advanced 14.53 points to 1,938.20 and the Nasdaq gained 43.39 points to 4,326.94 shortly after the open.

Meanwhile, the FTSE 100 in London, CAC 40 in Paris and DAX index in Germany were each up more than two per cent.

On the commodity markets, the February crude contract was at US$32 a barrel, up 59 cents, and the February gold contract was down $8.70 at US$1,087.50 an ounce.

The Canadian dollar was at 70.37 cents U.S. as North American stock market opened, up 0.05 of a cent from Monday's close. It fell by 0.37 of a U.S. cent on Monday and has been close to 70 cents US, a level that it hasn't seen since April 2003.



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