TSX May Open Lower with Metal Prices

Canada's benchmark index looked set to open lower on Tuesday, as gold and silver prices went down due to a steadier dollar.

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

The dollar recovered from early losses after positive economic data from Japan and France helped ease worries over U.S. President Donald Trump's focus on protectionism instead of on fiscal stimulus. As a result, gold fell 0.2% to US$1,213.70/ounce, while silver fell 0.1% to US$17.17/ounce.

Meanwhile, oil was in the green although Action Economics said it remains in a tug of war between reported relatively high OPEC compliance on output limits against increasing U.S. shale production.

The TSX shed 67 points on Monday, dragged down mostly by energy stocks.

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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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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