Markets

TSX May Slide with Oil Prices

Canada's benchmark index looks headed for a weak start on Friday, taking cues from falling oil prices . Stock futures for the December quarter on the S&P TSX index pared their earlier gains to just 0.22% recently.

Oil prices slid to their lowest in seven years as the International Energy Agency reportedly warned of a slower demand growth in 2016. The agency was cited as saying that consumption is likely to slow to 1.2 million barrels per day next year, which it still considers "healthy." Brent crude was last down 1.11% at US$39.29/barrel, while the WTI crude slipped 0.82% to US$36.46/barrel.

The TSX closed up by 79 points on Thursday, with info tech and energy stocks leading the climb.

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