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.
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