06/09/2015 10:10 EDT | Updated 06/09/2016 01:12 EDT

Canadian dollar up as North American markets decline early Tuesday

TORONTO - The Canadian dollar was up nearly half a cent as North American stock markets began the day on a negative trend.The loonie traded at 81.08 cents US, up 0.42 of a U.S. cent from Monday's close.The S&P/TSX composite index was up 48.94 points at 14,694.39, after falling 213.83 points on Monday to the lowest close in two months. The Dow Jones industrial average was down 37.44 points at 17,729.11, the Nasdaq index fell 29.41 points to 4,992.22, and the S&P 500 advanced 4.79 points to 2,074.49.On the commodity markets, the July crude contract was up US$1.76 at US$59.90 a barrel and the August gold contract rose $3 to US$1,176.60 an ounce.

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