TSX May Open Lower As Oil Slides
Canada's benchmark index looks set to open lower on Tuesday, weighed down by dropping oil prices . Stock futures for the September quarter on the S&P TSX index slipped 0.2% recently.
Oil was back below US$50/barrel after a ceasefire between the Nigerian government and militants renewed concerns that this might bring the country's production back to normal and, as a result, add to an already oversupplied market.
The TSX surged 113 points at closing on Monday, with materials, energy, and healthcare driving the biggest gains.
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