Markets

TSX May Start Higher, Helped by Commodities; BoC Rate Decision Eyed

Canada's benchmark index looked set to open higher, lifted by rising commodity prices, while investors await Bank of Canada's rate announcement.

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

Oil prices rose by more than 1%, as refining capacity comes back online in Texas. Precious metals were also in the green, and Action Economics said the dollar showed no reaction to the trade report, which revealed a slightly narrower than expected deficit.

The TSX shed 101 points on Tuesday, dragged down by financials.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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