TSX May Open Flat Amid Trade Talk Uncertainties, Mixed Commodities

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Canada's benchmark index looked set to open a little changed on Thursday, as investors remained cautious amid uncertainties surrounding the US-China trade talks and as precious metals and oil tread opposite directions.

Oil prices rose to four-month highs early on Thursday following big day-prior gains as a key inventory report showed production cuts are winnowing inventories of the fuel. On the other hand, gold retreated below the US$1,300 per ounce mark early on Thursday despite Brexit turmoil and reports of problems with trade talks between the United States and China.

In stocks, investors will keep an eye on Suncor Energy (SU.TO) and Imperial Oil (IMO.TO), which have both been upgraded by Credit Suisse to outperform and neutral, respectively. Husky Energy (HSE.TO) will also be in focus after Credit Suisse downgraded it to neutral from outperform.

The TSX closed up by 13 points on Wednesday, led higher by energy stocks.

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

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