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Stock indexes dip slightly, loonie gives up much of previous day's gain

TORONTO — North American stock markets were slightly negative this morning and the loonie gave up much of the previous day's gain.

The Toronto Stock Exchange's S&P/TSX composite index was down 9.32 points at 13,383.58, a decline of less than 0.1 per cent.

The U.S. indexes were similarly flat after nearly two hours of trading.

The Dow Jones industrial average slipped 54.17 points or 0.3 per cent to 16,946.19, the broader S&P 500 composite index declined 3.53 points or 0.2 per cent to 1,985.73 and the Nasdaq composite index lost 15.05 points or 0.3 per cent to 4,659.33.

The Canadian dollar was at 74.79 cents US, down 0.68 of a cent.

It had risen 0.93 of a U.S. cent on Wednesday.

The April crude contract was down 66 cents at US$37.63 per barrel and April natural gas was up 1.2 cents at US$1.76 per mmBtu.

The April gold contract rose $10.10 to US$1,267.50 an ounce and May copper contracts fell about one cent to US$2.22 a pound.

The Canadian Press

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