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Canadian dollar down, Toronto Stock Exchange continues rally as U.S. markets fall

TORONTO - The Canadian dollar was down about one-fifth of a cent as the Toronto Stock Exchange continued a rally that began Monday.The loonie traded at 80.89 cents US, down 0.19 of a U.S. cent from Tuesday's close.The S&P/TSX composite index was up 54.42 points at 14,959.33, after rising about 250 points over the previous two days.The Dow Jones industrial average was down 77.44 points at 18,066.63, the Nasdaq index fell 9.56 points to 5,150.53, and the S&P 500 decline 4.38 points to 2,119.82.On the commodity markets, the August crude contract was up 12 cents at US$61.13 a barrel and the August gold contract fell $3.30 to US$1,173.30 an ounce.

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