Markets

TSX May Open Higher on Global Cues

Canada's benchmark index looked set to open higher on Monday on optimism over U.S. President Donald Trump's tax reform plans and on rising copper prices .

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

Action Economics said copper touched 21-month highs as BHP Billiton declares force majeure due to strikes and vandalism at mines in Chile. In addition, stronger China trade data reported late last week has helped support prices.

The TSX rose to an all-time high on Friday, led higher by energy 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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