TSX May Lower As Weak Commodities, U.S. Protectionism Worries Weigh
Canada's benchmark index looked set to open lower on Wednesday, dragged down by falling commodity prices and by worries that U.S. economic adviser Gary Cohn resigning might mean that President Donald Trump would push through with his plans on steel and aluminum import tariffs.
Stock futures for the March quarter on the S&P TSX index were down 0.1% recently.
Oil prices were down, and Action Economics said the API reported a larger 5.7 million barrel build on Tuesday. Meanwhile, gold, silver, and copper prices were in the red, after the dollar edged higher following the better ADP jobs print.
The TSX was up by 3 points on Tuesday, with materials and consumer staples leading the upside, while industrials and energy were laggards.
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