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TSX May Open Higher As Commodities Rise

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Canada's benchmark index looked set to open higher on Tuesday, supported by rising precious metal and oil prices .

Stock futures for the June quarter on the S&P TSX index were up 0.01% recently.

Action Economics said the front-month WTI crude prices were up 1.2% at US$64.22, early logging a six-session high at US$64.38. The gain builds on yesterday's 2% plus advance and has come amid a broader revival in demand for industrial commodities, stocks and risk assets after China's Xi mollified investor trade war anxieties.

Gold, silver, and copper were also in the green, benefiting from the softness of the U.S. dollar.

The TSX gained 20 points on Monday, led higher by consumer staples.

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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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