Markets

TSX to Open Slightly Higher on Gold, Oil Boost

The commodity-sensitive Canadian benchmark index may edge up at open on Thursday, as indicated by slightly higher stock futures, with rising gold and oil prices boosting mining and energy shares. Gold was up 0.3% at US$1,265.20 an ounce, while oil rose 1.8% to US$106.24 a barrel.

June futures on the S&P TSX index were up 0.04% recently.

The TSX was in the red on Wednesday after the World Bank's downward revision of its outlook for global growth due to a combination of events such as the Ukraine crisis and the unusually harsh weather conditions in 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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