Markets

TSX Likely to Open Higher As Oil Climbs

Canada's benchmark index could recover on Tuesday from sharp losses registered in the previous session after oil prices firmed. Stock futures for the December quarter on the S&P TSX index were up 0.12% recently.

Brent crude was up 1.56% at US$48.08/barrel, while the WTI crude rose 1.58% to US$45.13/barrel ahead of Wednesday's EIA U.S. production report, which is expected to reveal slowing U.S. production figures. Gold prices, however, were down 0.18% at US$1,129.70/ounce, as the U.S. dollar strengthens.

The TSX plummeted 373 points at closing on Monday, with the health care and mining sectors as the biggest decliners.

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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