TSX Set to Open Lower on Potash Corp, Commodities

By
A A A

Toronto's resource-heavy main stock index is headed for a lower open on Tuesday, dragged down by weakness in prices of key commodities. Stocks of Potash Corp (POT.TO) are also expected to weigh on the market after reports of OAO Uralkali, the world's largest potash producer, breaking up a marketing venture that controlled about 43% of global exports.

Mining stocks could trade lower during the session after gold, silver, and copper prices slipped 0.23%, 0.37%, and 1.42%, respectively. Weaker crude oil prices, down 0.92% to $103.59 a barrel, could also hurt energy stocks.



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

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


This article appears in: Investing , Commodities

Referenced Stocks:

MT Newswires

MT Newswires

More from MT Newswires:

Related Videos

Can Magnets Relieve Pain?
Can Magnets Relieve Pain?           
The Danger of Small ETFs
The Danger of Small ETFs            

Stocks

Referenced

Most Active by Volume

27,504,586
  • $16.24 ▼ 0.55%
22,756,812
  • $74.8597 ▼ 1.45%
20,545,794
  • $101.92 ▲ 1.02%
19,952,035
  • $3.595 ▲ 0.98%
15,818,641
  • $47.819 ▼ 0.73%
14,437,334
  • $18.80 ▲ 3.13%
13,669,661
  • $38.0651 ▲ 0.73%
12,656,707
  • $10.305 ▼ 3.60%
As of 8/27/2014, 12:37 PM

Find a Credit Card

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