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TSX Set for Lower Start As Sliding Oil Prices, US Government Shutdown Weigh


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Canada's benchmark index may break its multi-day winning streak as traders cash in on recent oil strength and sentiments grow dreary over the US government shutdown.

Oil edged lower following nine days of gains on Friday as traders took profits following big gains during the week. The price of oil has risen steadily since late November as fears that the US trade war on China would weaken the global economy eased on talks between the two countries.

Investors will keep an eye on Aphria (APHA.TO), whose CEO was set to step down after short-seller allegations. The company said business as usual despite all the noise around the short seller report and the hostile takeover proposal.

The TSX gained 98 points on Thursday, with healthcare leading the advance.

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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