Markets

TSX May Open Higher As Commodities Rise on Weak Dollar

Canada's benchmark index looked set to open higher on Friday, as commodity prices benefit from a subdued dollar.

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

The U.S. currency remained weak, hurt by the trials and tribulations of the Trump presidency, which were highlighted by the alleged Comey memos implying obstruction of justice in meetings with U.S. President Donald Trump.

As a result, oil was up by more than 1%, while gold gained a modest 0.1%.

The TSX closed up by 3 points on Thursday, with materials limiting the climb.

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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