The benchmark Canadian stock index is expected to open lower on Thursday, tracking stock futures, after China reported disappointing services PMI data. Canada's trading partner and the world's second largest economy reported that services PMI to a four month low. Crude oil prices , down 0.7% to US$101.90, could also weigh on the commodity-sensitive index.
June stock futures on the S&P TSX index were down 0.18% recently.
Losses, however, will be limited, with rising gold prices supporting mining 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.
