TSX Set to Open Lower on Potash Corp, Commodities

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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.



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This article appears in: Investing , Commodities

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