Markets

TSX May Open Higher on Reassuring Chinese Growth Data

Canada's benchmark index looks set to open higher on Friday, tracking global markets and lifted by positive economic data out of China.

Stock futures for the September quarter on the S&P TSX index were up 0.2% recently.

Reports said China's economy grew at a faster-than-expected pace, helped by the government's increased spending. As a result, both copper and oil were higher, with copper up 0.9% at US$2.263/lb and Brent rising 0.9% to US$47.80/barrel.

The TSX gained 20 points at closing on Thursday, with financials as the strongest group.

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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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