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.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.