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TSX May Open Higher on Gold, Oil Boost

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Canada's benchmark index looks set to open higher on Tuesday, boosted by the surge in oil and gold prices .

The dollar pulled back recently, helping lift gold and oil prices , with traders cashing in gains spurred by the unexpected victory of Republican Donald Trump in the U.S. presidential elections. According to Action Economics, oil was also supported by reports of an attack on a Nigerian pipeline and some chatter that OPEC would push for agreement on production caps when in meets in Vienna at the end of Nov.

The TSX added 43 points on Monday, led by energy, materials, and financials.

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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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