Loonie gives up some of last week’s gain

U.S. index futures point up

The Canadian dollar gave up some of last week’s gains early Monday as U.S. index futures pointed up.

The loonie was down 0.18 of a cent at 76.30. The currency gained 0.58 of a U.S. cent last week.

The Dow Jones industrial futures were up 12 points at 17,606.0 before markets opened, the S&P 500 futures advanced 1.9 points to 2,075.6 and the Nasdaq futures gained 8.2 points to 4,651.5.

On the commodity markets, the December gold contract fell $4.90 to US$1,136.50 an ounce, the December crude contract was down 69 cents at US$45.90 a barrel and the December contract for natural gas was down eight cents at US$2.25.

On Friday, the Toronto Stock Exchange’s S&P/TSX composite index fell 262.71 points to close at 13,529.17 – its fourth negative showing of the week.