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.
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