Markets

TSX May Open Higher with Commodities

Market Data on both Smart Phone and Paper

Canada's benchmark index looked set to open higher on Tuesday as commodities benefited from the fall of the U.S. currency.

Stock futures for the September quarter on the S&P TSX index were up 0.02% recently.

Metals rallied following North Korea's missile launch over Japan. Sharp dollar losses have provided support as well. Meanwhile, oil was in the red and Action Economics said refinery outages in Texas have weighed on prices, reducing feed stock demand by upwards of 2 million barrels per day.

The TSX shed 4 points on Monday, with energy and material stocks going on opposite directions.

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