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Loonie slightly higher, U.S. index futures down ahead of stock market open

TORONTO — The Canadian dollar was slightly higher early Tuesday as North American stock markets prepared for a new session.

The loonie was up 0.1 of a cent at 71.83 cents US, partly offsetting the previous day's decline of 0.52 cent.

The Dow Jones futures were down 39.0 points at 17,046.0, after the Dow 30 average fell 276.09 points on Monday for the biggest decline in two weeks. The S&P 500 futures were down 4.7 points at 2,004.40 and the Nasdaq futures were down 8.2 points at 4,496.30.

On the commodity markets, the February gold contract rose $3.20 to US$1,078.40 an ounce, the February crude contract was up nine cents at US$36.85 per barrel and the February contract for natural gas was down seven cents at US$2.27.

On Monday, the S&P/TSX composite index fell 82.80 points to 12,927.15, after dropping 262 points earlier in the day.

The Canadian Press

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