Markets

TSX to Open Higher on Oil Boost

Canada's benchmark index looks set to open higher on Tuesday, boosted by recovering oil prices . Stock futures for the December quarter on the S&P TSX index edged up 0.09% recently.

Oil prices rose on Tuesday, bouncing from 11-year lows, with traders closing their positions. Outlook for 2016, however, remains bearish, especially after the OPEC refused to cut and put a ceiling to production. Brent crude was last up 0.3% at US$36.45/barrel, while the WTI crude climbed 0.9% to US$36.13/barrel.

The TSX finished Monday 10 points higher, boosted by healthcare and mining stocks.

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

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


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

Other Topics

Commodities

Latest Markets Videos

    MTNewswires

    Founded in 1999, MT Newswires (formerly known as Midnight Trader) is a leading provider of original source, multi-asset class, real-time, global financial news and information to most of the largest banks, brokerage firms and professional market data, trading & research applications in North America.

    Learn More