TSX to Open Higher After Peaceful Crimea Referendum

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The benchmark Canadian stock index may open higher on Monday, following a peaceful referendum in Crimea, where residents voted in favor of joining Russia.

The uncertainty over the geopolitical crisis in Ukraine, coupled with concerns over China's economic performance, sent the market lower last week. But at the same time, worries pushed gold prices higher, which somehow supported mining stocks, as investors rushed to safe-haven assets.

Gold was up 0.04% to $1,379.60 an ounce, while crude oil was down 0.6% to $98.26 a barrel.



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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