BUSINESS

Loonie Climbs Against U.S. Dollar

04/06/2015 09:48 EDT | Updated 06/06/2015 05:59 EDT

TORONTO - The Canadian dollar is up and U.S. index futures are negative following disappointing jobs numbers from the United States.

The American dollar has weakened since the U.S. Labour Department reported Friday that only 126,000 jobs were created in March — the first time in 12 months that fewer than 200,000 American jobs were added in a month. The loonie traded early Monday at 80.14 cents US, up 0.55 of a U.S. cent from Thursday's close prior to the holiday weekend.

The Dow Jones industrial futures were down 109 points at 17,567.00, the Nasdaq futures fell 29.80 points to 4,277.50, and the S&P 500 futures declined 12.80 points to 2,046.70.

On the commodity markets, the May crude contract was up $1.46 at US$50.60 a barrel and the June bullion contract rose $18.70 to US$1,219.60 an ounce ahead of the TSX open.

The S&P/TSX composite index closed Thursday before the holiday weekend at 15,026.62, after rising 84.07 points.

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