TSX May Open Lower As Oil Prices Slip
Canada's benchmark index looked set to open lower on Wednesday, with oil prices still under pressure, following Tuesday's sharp sell-off.
Stock futures for the December quarter on the S&P TSX index were down 0.03% recently.
Action Economics said oil was in the red, and the API inventory report revealed 6.5 mln bbl rise in U.S. crude stocks. Expectations had been for a 1.5 million barrel decline. The 10:30 am ET release of EIA inventory figures will be watched for corroboration.
The TSX shed 113 points on Tuesday, with energy stocks leading the decline.
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