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.
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