Markets

TSX May Dive with Oil Prices

Canada's benchmark index looks set to open lower on Monday, taking cues from oil prices . Stock futures for the December quarter on the S&P TSX index slipped 0.13% recently.

Brent crude prices were down by more than 1% on Monday, weighed down by lingering concerns over global supply. Oil cartel OPEC is not planning on cutting the existing pace of its production even though the imbalance between supply and demand has been hurting prices. Brent was last down 1.3% at US$36.42/barrel.

The TSX closed up by 14 points on Friday, as the materials sector led the advancers.

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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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