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TSX feeling Greek bailout & fiscal cliff

The Toronto stock market was in for a negative open Tuesday as traders fretted over a delay in organizing a crucial instalment of bailout money for Greece along and the approaching "fiscal cliff" in the United States.

The Canadian dollar was down 0.03 of a cent from Friday's close to 99.84 cents US. The loonie wasn't traded in Canada on Monday as banks were closed for the Remembrance Day holiday.

U.S. futures were in the red with the Dow Jones industrial futures down 61 points to 12,719, the Nasdaq futures were off 17.2 points at 2,563.8 while the S&P 500 futures slipped 7.9 points to 1,370.3.

Financial markets focused on Greece after ministers from the 17 countries that use the euro failed to agree on how to put Greece's bailout program back on track.

The Canadian Press


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