Markets

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.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

Stocks

Latest Markets Videos

    MTNewswires

    Founded in 1999, MT Newswires (formerly known as Midnight Trader) is a leading provider of original source, multi-asset class, real-time, global financial news and information to most of the largest banks, brokerage firms and professional market data, trading & research applications in North America.

    Learn More