Markets

TSX May Start Lower As Commodities Slide

Canada's benchmark index looked set to open lower, dragged down by falling commodity prices.

Stock futures for the June quarter on the S&P TSX index were down 0.2% recently.

Action Economics said the WTI crude pulled back after surging Monday on Israel's report on Iran's secret nuclear weapons program. Meanwhile, gold futures touched better than one-month lows of US$1,307.40, with losses coming as the dollar index prints fresh three-plus month highs. The U.S. dollar was above its 200-day moving average for the first time in two-years.

The TSX shed 61 points on Monday, led lower by materials and 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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