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TSX May Open Higher As China Data Lift Gold
By: MT Newswires
Canadian stocks are likely to start the week with modest gains, helped by stronger prices for key commodities. After China released upbeat economic data, gold and copper prices rose 0.06% and 0.74%, respectively. Energy stocks, however, could suffer losses after crude oil slipped 0.35% to $110.14 a barrel.
Investors are looking at limited gains, as they remain worried that the ongoing crisis in Syria might spread to neighboring countries and affect the supply of oil in the region. Add to this is the uncertainty surrounding the U.S. Federal Reserve's plans of tapering its monetary stimulus program.