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TSX May Start Lower As Oil Slides, Global Growth Fears Weigh

Canada's benchmark index may kick off the first trading day of the new year in the negative territory, taking a beating from weak oil prices and concerns over global economic growth.

Stock futures for the March quarter on the S&P TSX index were down 0.4% recently.

Oil prices fell, as production cuts from OPEC, Russia, and Alberta kicked in but were unable to overcome concerns over the health of the global economy.

Meanwhile, materials may help limit losses after gold prices were higher, climbing to the highest in more than six months despite a stronger US dollar.

The TSX finished the last trading day of 2018 raking in a 100-point gain, with tech and materials leading the advance.

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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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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