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TSX May Get a Lift from Firm Commodity Prices

Toronto's main stock index looked set to open higher on Tuesday, as helped by rising commodity prices including a fresh move up in the price of oil. Investors will also keep a close eye on language used by the Bank of Canada when it announces its latest interest rate decision on Tuesday, according to Reuters.

Stocks to watch:

Bank of Montreal (BMO.TO) said its first-quarter profit jumped more than seven-fold, helped by strength across all its operating groups.

Trican Well Service Ltd. (TCW.TO) said on Tuesday its fourth-quarter profit jumped nearly four-fold, helped by an increase in North American drilling activity and higher oil prices.

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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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