Loonie stable but low, index futures down before TSX open

TORONTO -- The Canadian dollar remained near the lowest levels in nearly 13 years Monday but was up slightly.

The Canadian dollar was at 68.98 cents US about 90 minutes before North American stock markets opened, up 0.16 from Friday's close.

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Canada's currency has been trading near levels that haven't been seen since the spring of 2003.

The U.S. stock index futures were down more than two per cent, prior to the open of North American markets at 9:30 a.m. ET.

The Dow Jones index futures were down 390.97 points at 15,988.08, S&P 500 futures declined 41.51 points to 1,880.33 and the Nasdaq futures lost 126.59 points to 4,488.42. Major markets in Asia and Europe were also down.

On the commodity markets, the February gold contract rose $16.80 to US$1,090.40 an ounce and the February crude contract was down $1.74 at US$29.46 per barrel.

On Friday, the Toronto Stock Exchange's S&P/TSX composite index dropped 262.57 or 2.13 per cent to 12,073.46 -- its lowest close since June 2013.



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