Markets

TSX to Follow Commodities Lower

Canada's benchmark index looks set to open lower on Friday, hit by falling oil and gold prices amid a firming dollar. Stock futures for the December quarter on the S&P TSX index were up by a mere 0.14% recently.

Brent crude slipped 0.13% to US$45.40/barrel, while the WTI crude plunged 1.95% to US$42.20/barrel after data showed declining industrial sector profits in China. The Asian economic giant is a major energy and metal consumer.

Gold was down 1.61% at US$1,052.50/ounce, while silver dropped 1.59% to US$13.95/ounce.

The TSX finished Thursday 19 points higher, with the healthcare and material sectors leading the advancers.

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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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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