TSX Could Start Higher Boosted By Gold, Oil

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The benchmark Canadian index seems set to start the week higher, as indicated by stock futures, with some help from rising gold and oil prices . Gold and oil prices were up 0.1% and 0.5%, respectively, in recent trading.

The Bank of Montreal (BMO.TO, BMO) in its morning note, noted the TSX managed to hang on to another weekly gain despite a Friday setback. The index was up 0.2% for the week, finishing just below a six-year high. It said prices are now up 6.7% so far this year, almost 6 ppts north of the S&P 500 which has only just managed to stay in the green (after dipping 0.1% last week). So far in 2014, more major markets are down than up, with Russia, Japan and China the weakest, and former trouble spots Argentina, Indonesia, Thailand and India posting the biggest gains (all before currency changes).

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing , Commodities


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