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TSX drops, Wall Street flat as oil, Canadian dollar steadies

The Canadian dollar and US stock market futures were positive early Monday.

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Nicolas Cage Returns Stolen Dinosaur Skull to Rightful Owners
Mongolia will be happy to receive their Tyrannosaurus bataar skull back where it was originally found and unveiled. Actor Nicolas Cage has reportedly said he will return a stolen dinosaur skull to the Mongolian government.

The most influential movers on the index included some of its biggest banks, with Royal Bank of Canada rising 0.9 percent to C$74.89 and Toronto-Dominion Bank advancing 0.6 percent to C$55.05. The overall financial services sector fell 0.04 percent.


Coli outbreak likely over
In the first outbreak, the illnesses were located mostly in the Pacific Northwest although nine total states were involved. According to the CDC: “46 (88%) of 52 people interviewed reported eating at a Chipotle Mexican Grill restaurant”.

Oil prices rose, underpinned by an unexpected fall in US crude inventories, but they were still close to multi-year lows as supplies remained abundant and as OPEC lowered the demand outlook for its exports.


Iraqi Military Launches Offensive Against ISIS In Ramadi
Iraqi military planes dropped leaflets in Ramadi on Sunday, urging residents to leave the city within the next three days. Government forces, allied Shiite militia and Kurdish peshmerga forces are also battling ISIS on other fronts.

The TSX/S&P composite index gained 14.37 points to 13,024.30, after plummeting 156.15 points the previous day as commodities took a beating and investors digested the interest rate hike south of the border. In New York, the S&P 500 index of US stocks was up 6.7 points to 2,027. Oando Energy Resources recorded 268.42 percent rise.

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Advancers outnumbered decliners by 146 to 88, a 1.66-to-1 ratio on the upside.

Stock markets positive, loonie turns down