TSX May Start Higher with Steady Oil Prices
Canada's benchmark index looked set to open higher on Wednesday, helped by rising copper and silver and by steady oil prices .
Stock futures for the December quarter on the S&P TSX index were up 0.1% recently.
Action Economics said NYMEX crude has eased back from trend highs, currently idling in the lower US$75 area. The recent rally took a breather following API inventory data after the close on Tuesday, which revealed a 900,000 barrel build in US stockpiles, in line with expectations. Focus now shifts to the 10:30 am EDT release of weekly EIA inventory figures.
The TSX lost 87 points on Tuesday, led lower by energy and financial stocks.
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