October 8

Loonie near 11year low as North American stock markets waver

TORONTO — The loonie ended the day at its lowest point since August 2004 as energy stocks weighed on the Toronto market.The loonie closed at 75.87 cents US, down .58 cent of a U.S. cent from Friday’s close.Canadian markets were closed on Monday.The S&P/TSX composite index ended the day at 14,491.05, up 22.61 from Friday’s close.The Dow Jones industrial average closed down 47.51 points to 17,550.69, the Nasdaq index fell 9.84 points to 5,105.55 and the S&P 500 slipped 4.72 points to 2,093.32.On the commodity markets, the December gold contract ended at US$1,090.70 an ounce, up $1.30 from Monday, while the September crude contract closed at US$45.74 a barrel, up 57 cents.The September contract for natural gas closed up 6.4 cents to US$2.812.The Canadian Press read more