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TSX to Open Higher on Prospects of More China Stimulus

Canada's benchmark index is expected to kick off the shortened trading week with gains after economic data out of China raised hopes that the country's central bank might respond by increasing its stimulus program.

Stock futures for the September quarter on the S&P TSX index were down by a mere 0.14% recently.

Reports said China's imports declined more than expected to 13.8% from last year. The consensus was for a decrease of only 8.2%. The news lifted prices for copper and Brent crude, as China is a major energy and industrial metal consumer.

The TSX shed 118 points at closing on Friday, following the release of the latest jobs data from Canada and the U.S.

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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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