Canadian dollar falls, stock markets lower

TORONTO -- The Canadian dollar and Toronto Stock Exchange were down sharply Tuesday morning with the price of oil trading near US$30 a barrel.

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The Toronto Stock Exchange's S&P/TSX index was down 205.32 points or 1.6 per cent at 12,469.050, after 90 minutes of trading.

The loonie traded at 71.09 cents US, down 0.70 from Monday's close.

In New York, the major indexes were down by less than one per cent.

The Dow Jones industrials average was down 254.14 or 1.6 per cent at 16,195.04, the S&P 500 index declined 27.83 points to 1,911.55 and the Nasdaq lost 41.78 points to 4,244.77.

On the commodity markets, the April gold contract rose $1.80 to US$1,129.80 an ounce and the March crude contract was down $1.19 at US$30.43 per barrel.


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