Toronto and U.S. stock indexes fall, loonie down Monday morning

TORONTO -- Canada's dollar and the Toronto Stock Exchange were down Monday morning.

The loonie was at 70.18 cents US at 11:15 a.m.

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, down 0.49 cent from Friday's close.

The Toronto Stock Exchange's S&P/TSX index dropped 169.44 points to 12,220.14. That offset a 354-point increase on Friday.

The Dow Jones Industrial average was down 120.29 points to 15,973.22. The broader S&P 500 index declined 17.19 points to 1,889.71 and the Nasdaq 100 lost 24.33 points to 4,235.44

On the commodity markets, the February gold contract rose to US$1,106.80 an ounce. The March crude contract was initially down but was later up $1.43 at US$30.96 per barrel. Earlier, crude traded as low as US$29.53 a barrel.



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