TSX Set for Higher Open on Commodities; Syria Woes Could Cap Gains


Shutterstock photo

Canadian stocks are headed for another day of modest gains, as stronger prices for key commodities help Toronto's resource-heavy main stock index.

Investors, however, are still worried about the geopolitical crisis in Syria, which could worsen if U.S. President Obama pushes through with his plans of launching military action against Bashar al-Assad's Syrian government after getting support from some of the major figures in the U.S. Congress.

Mining and energy stocks are likely to trade in the green during the session after gold and crude oil prices went up 0.14% and 0.46%, respectively.

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

Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.

This article appears in: Investing , Commodities

More from MT Newswires


MT Newswires

MT Newswires

Market News, Commodities
Follow on:

Find a Credit Card

Select a credit card product by:
Select an offer:
Data Provided by BankRate.com