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TSX May Open Higher with Commodities

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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.

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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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