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TSX May Start Higher As Commodity Prices Rise


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Canada's benchmark index looked set to open higher on Thursday, lifted by rising precious metal and oil prices .

Action Economics said front-month WTI crude prices were advancing, partially recouping the sharp 4.6% decline crude prices saw on Wednesday after news of reopening supply out of Libya. Crude prices remained up by 6.5% on the month-on-month comparison and up 17.5% on the year-to-date.

Gold, silver, and copper were also in the green, as the dollar moved slightly lower after the cooler headline CPI and lower jobless claims results.

The TSX suffered a triple-digit decline on Wednesday, shedding 131 points, with material stocks leading the fall.

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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This article appears in: Investing , Stocks



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