TSX May Open Higher with Oil Prices
Canada's benchmark index is likely to open higher on Monday, as oil rose on prospects of producer action to help support prices.
Stock futures for the September quarter on the S&P TSX index were up 0.01% recently.
Both Brent and the WTI were in the green after Russia reportedly confirmed consultations with Saudi Arabia and other producers about achieving market stability. Brent was last up 0.6% at US$47.27/barrel, while the WTI edged up 0.7% to US$44.81/barrel.
The TSX shed 48 points at closing on Friday, weighed down mostly by healthcare and material stocks.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.
Latest Markets Videos
- Stimulus Update: MIllions Will Get a Stimulus Check in June. Are You One of Them?
- Social Security Checks Could Soar in 2023: Here's How Much Extra Seniors Might Receive
- Better Buy: Dogecoin vs. Terra Classic vs. Terra (LUNA)?
- Bitcoin Uses 50 Times Less Energy Than Traditional Banking, New Study Shows