Markets

TSX May Start Higher with Rising Commodities

Using a smartphone to calculate data

Canada's benchmark index looked set to open higher on Thursday, boosted by rising precious metal and oil prices .

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

Action Economics said dollar weakness has been maintaining an underpinning in crude pricing, amid a backdrop of a record run of U.S. crude inventory drawdowns and the OPEC-led supply curtailment accord.

Gold surged to US$1,366 before stalling, also benefiting from the weakness of the dollar.

The TSX lost 73 points on Wednesday, with financial stocks leading the broad-based decline.

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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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