TSX Signal Lower Start, But Commodities May Cap Losses

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The Canadian benchmark index may open lower on Monday, as indicated by stock futures, with worsening geopolitical crisis in Ukraine hurting appetite for risky equities. But losses for the resource-heavy index may be limited by rising gold and oil prices .

September futures on the S&P TSX index were down 0.14% recently.

The yellow metal was up 0.55% at US$1,318.20 an ounce. Crude oil rose 0.32% to US$103.46 a barrel, as the escalating Ukraine-Russia turmoil caused worries over oil supply.


BMO, in its morning note, however, said that the TSX was at the top of the pack up 0.9%, with the Dow and FTSE keeping pace. It continues to be the best performer on a year-to-date basis up 12.1%, BMO added.



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.

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This article appears in: Investing , Commodities

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