Markets

TSX May Open Lower As Oil Slips

Canada's benchmark index looked set to open lower on Tuesday, dragged down by falling oil prices , although rising precious metal prices may help limit losses.

Stock futures for the June quarter on the S&P TSX index were down 0.1% recently.

Action Economics said crude oil continued to skid after reports that the Trump administration has asked the Saudis/OPEC for a 1 million barrels per day increase in oil supply.

Conversely, copper prices were advancing, as wage negotiations at Chile's Escondida mine threatened supply.

The TSX gained a measly 8 points on Monday, led higher by consumer, healthcare, and tech.

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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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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