Markets

TSX May Open Under Pressure on Lower Oil, But Positive Canada Jobs Data May Cap Losses

Toronto's main stock index may open lower on Friday as oil prices fall further, extending a 10% crash the previous day, although Canadian and U.S. jobs figures from April that came in stronger than expected may cap losses.

Stocks to watch:

Cameco Corp (CCO.TO) reported a 36% drop in first quarter profit on Friday, as uranium production and sales volumes fell.

GMP Capital Inc. (GMP.TO) turned around its first quarter results mostly due to higher revenue from investment banking and commissions.

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

Commodities

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