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.
MORE: TSX recovers ground after plunge, but still starts year in red
![Get expert insights, Q&A on markets, housing, inflation, and personal finance information delivered to you every Saturday.](https://globalnews.ca/wp-content/themes/shaw-globalnews/images/skyline/money123.jpg)
Get weekly money news
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.
![Click to play video: 'Stock markets not celebrating happy new year'](https://i2.wp.com/media.globalnews.ca/videostatic/852/39/GN160104ERIC2_848x480_595747907590.jpg?w=1040&quality=70&strip=all)
Comments