Loonie, TSX slip again as shaky start to year continues
TORONTO – The Canadian dollar slipped to the negative Tuesday as North American stock markets opened mostly lower.
The loonie was down 0.06 of a cent at 71.67 cents US, erasing an earlier gain and adding to Monday’s decline of 0.52 cent.
The Toronto Stock Exchanges’s S&P/TSX composite index was down 40.62 points at 12,886.53. On Monday, the index fell 82.80 points but had been down as much as 262 points earlier in the day.
The Dow Jones average of 30 stocks was down 22.84 points, falling 276.09 points on Monday for the biggest decline in two weeks. The broader S&P 500 index was down 0.18 point at 2,012.48 and Nasdaq edged up 0.72 point to 4,903.81.
On the commodity markets, the February gold contract rose $3 to US$1,078.20 an ounce, the February crude contract was down 41 cents at US$36.35 per barrel and the February natural gas contract was down six cents at US$2.27.
WATCH: WATCH: Global markets crumbled on the first day of trading in 2016, triggered by China’s worst-ever start to a new year. Eric Sorensen looks at why it happened and where it leaves Canada.