TSX Set for Strong Open, Lifted by Commodities

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Canada's benchmark index may open higher on Wednesday, lifted by strong commodity prices. September futures on the S&P TSX index were up 0.22% in recent trading.

The resource-heavy index looks to extend Tuesday's rally after gold and oil prices increased 0.09% and 0.19%, respectively, recently. The TSX touched a new record high of 15,343.51 on Tuesday.

Statistics Canada reported Wednesday a 0.7% increase in retail sales for May compared to April to a record C$41.98 billion, driven by higher auto sales.



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This article appears in: Investing , Commodities

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