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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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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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