Stock Futures Signal Lower TSX Open, But Gold, Oil to Cap Losses
The benchmark Canadian index is likely to start Wednesday trading in the red, tracking stock futures, following the World Bank's downward revision of its global growth outlook. But losses will be kept in check, as rising gold and oil prices drive gains in mining and energy stocks.
June futures on the S&P TSX index were down 0.16% recently.
Also supportive of the TSX, which hit a new six-year high of 14,900 on Tuesday, are speculations that China, Canada's trading partner, would raise fiscal spending to support growth.
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