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TSX May Open Lower with Oil Prices

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Canada's benchmark index looked set to open lower on Friday, dragged down by falling oil prices .

Stock futures for the March quarter on the S&P TSX index slipped 0.02% recently.

Action Economics said the revelation of record crude and gasoline inventories this week in the U.S., along with continued signs of rising production in North America, have had a capping influence on the market in the face of OPEC-led supply trimming. Crude prices continue the historically usual path of stability, though sooner or later the volatility associated with this market will assuredly return.

The TSX gained 19 points on Thursday, hitting another record high.

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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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