TSX loonie fall Wall Street mixed after oil recovers slightly

TORONTO — The Toronto market posted a nearly triple-digit loss and the loonie stayed flat despite a recovery in the price of oil.The S&P/TSX composite index fell 94.46 points to end the day at 12,695.49, after dropping nearly 227 points on Friday.In New York, the Dow Jones average of 30 stocks rose 103.29 points to close at 17,368.50, the broader S&P 500 index rose 9.57 points to 2,021.94 and the Nasdaq added 18.76 points to 4,952.23.The January crude contract ended the day up 69 cents to US$36.31 a barrel. Oil has plummeted from a high of nearly US$108 a barrel in June 2014 and has fallen even further over the past two weeks as a worldwide supply glut has shown no signs of easing.The February gold contract fell $12.30 to settle at US$1,063.40 per troy ounce and the January contract for natural gas fell 9.6 cents to US$1.894 per 1,000 cubic feet.The loonie ended the day up 0.02 of a cent to 72.79 cents US, after falling below 73 cents U.S. on Friday for the first time since mid-2004.

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