TSX slips but loonie gets a boost from rising oil prices weak

TORONTO — Rising oil prices and a weak U.S. dollar is helping boost the loonie.The Canadian dollar gained nearly half a cent, adding 0.46 of a U.S. cent to 78.76 cents US.The currency is being supported by strengthening oil prices, which saw the July crude contract climb 87 cents to settle at US$51.23.Gold was also a bright spot as the August bullion contract rose $15.30 to US$1,262.30 an ounce.The July natural gas contract was unchanged at US$2.47 per mmBTU, while July copper contracts rose a penny to US$2.06 a pound.In Toronto, the S&P/TSX composite index fell 52.51 points to 14,313.10 due to pressure from energy, health care and telecom stocks.On Wall Street, the Dow Jones industrial average jumped 66.77 points at 18,005.05, the first time it ended above 18,000 since April, the broader S&P 500 composite index advanced 6.99 points to 2,119.12 and the Nasdaq composite gained 12.89 points to 4,974.64.

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