TSX May Start Lower on Weak Gold, Oil Prices


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Canada's main stock index looks to open lower on Thursday after climbing to new highs in the previous session, with weak gold and oil prices weighing on resource stocks. Gold was down 0.61% at US$1,289 an ounce, while crude oil fell 0.57% to below US$100 levels.

September futures on the S&P TSX index were down 0.39% in recent trading.

Optimism on Canada's economy, however, could help limit losses, following data that showed Canada's economy grew 0.4% in May, greater than the analyst forecast of +0.3%. On a year-on-year basis, the economy expanded to 2.3% from 2.1%.

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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