Markets

TSX May Jump at Open on Strong Commodities

Canada's benchmark index looks set for another day of gains on Monday, supported by rising commodity prices. Gold was trading 0.38% higher at US$1,197.40 an ounce, while crude oil was 0.39% more expensive at US$90.09 a barrel.

December futures on the S&P TSX index were up 0.34% in recent trading.

The TSX closed the previous session higher--rebounding from a four-month low it hit on Thursday--boosted by better-than-expected U.S. jobs data. Weakness last week was mostly caused by the political unrest in Hong Kong and by commodities.

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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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