Markets

TSX May Open Lower on Trump Tweet, Falling Oil

Canada's benchmark index looked set to open lower on Friday, dragged down by fears over U.S. President Donald Trump's tweet on trade and by weak oil prices .

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

Action Economics said President Trump indicated he would impost tariffs on aluminum and steel, which saw the Dow drop 1.68%.

Meanwhile, real gross domestic product grew 0.4% in Q4, the same rate as the previous quarter, Statistics Canada reported. Final domestic demand rose 1.0%.

The TSX shed 48 points on Thursday, led lower by consumer discretionary, industrials, and info tech.

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