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Materials sector helps lift Toronto market, loonie lower against U.S. dollar

TORONTO - The materials sector helped lift Canada's main stock index in late-morning trading, while U.S. markets were mixed.

The S&P/TSX composite index was up 83.85 points to 16,136.09, after 90 minutes of trading.

In New York, the Dow Jones industrial average was down 25.56 points to 24,788.13. The S&P 500 index was up 1.56 points to 2,748.43 and the Nasdaq composite index was up 26.16 points to 7,632.62.

The Canadian dollar was trading at 76.89 cents US, down from an average value of 77.35 cents US on Monday.

The July crude contract was down six cents to US$64.69 per barrel and the July natural gas contract was down four cents to US$2.89 per mmBTU.

The August gold contract was up 60 cents to US$1,297.90 an ounce and the July copper contract was up four cents to US$3.18 a pound.

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