Markets

TSX May Rise with Commodities

A generic image of a person on their laptop
Credit: Shutterstock photo

Canada's benchmark index looked set to open higher on Tuesday, with help from rising precious metal and oil prices .

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

Action Economics said oil prices have picked up concomitantly with a lift in global stock markets in what is essentially an "on the fact" type of reaction to the anticipated decision by US President Donald Trump to escalate his trade war with China.

Trump's China trade tweet said: "China has openly stated that they are actively trying to impact and change our election by attacking our farmers, ranchers and industrial workers because of their loyalty to me. What China does not understand is that these people are great patriots and fully understand that... China has been taking advantage of the United States on Trade for many years. They also know that I am the one that knows how to stop it. There will be great and fast economic retaliation against China if our farmers, ranchers and/or industrial workers are targeted." This also benefited precious metal prices.

The TSX climbed 68 points on Monday, with healthcare leading the advance.

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