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Loonie edges up ahead of TSX open

Canadian Press, The Canadian Press
0 Comments| July 23, 2015

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TORONTO _ The futures market pointed to a positive opening for U.S. stock markets, as the Canadian dollar regained some of the ground it lost Wednesday.

The loonie was up 0.35 of a cent at 77.05 cents US after posting its lowest closing price in more than a decade.

The Canadian dollar has been under pressure since last summer when the price of oil started to slide.

The September contract for crude oil was down a penny at US$49.18, while the August natural gas contract was down 0.8 of a cent at US$2.889.

The August gold contract was up US$8.40 at US$1,099.90.

In corporate news, Loblaw says it will close 52 unprofitable stores across a range of its banners and formats over the next year.



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