Markets

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.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

Stocks

Latest Markets Videos

    MTNewswires

    Founded in 1999, MT Newswires (formerly known as Midnight Trader) is a leading provider of original source, multi-asset class, real-time, global financial news and information to most of the largest banks, brokerage firms and professional market data, trading & research applications in North America.

    Learn More