Markets

TSX May Open Higher with Commodities; Earnings in Focus

Canada's benchmark index looked set to open higher on Thursday, boosted mostly by rising commodity prices, with investors also keeping an eye on companies that released earnings.

Metal and oil prices rose on Thursday, and Action Economics said this came amid political concerns in Europe and an uncertain outlook for the U.S. economy. Gains, however, were limited by the modest strength in the dollar.

Companies that reported their earnings include Domtar (UFS.TO), Manulife (MFC.TO), Thomson Reuters (TRI.TO), and Precision Drilling (PD.TO).

The TSX closed up by 55 points on Wednesday, lifted by material stocks.

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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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