Markets

TSX Seen Opening Lower As Firm Dollar Hurts Commodities

Canada's benchmark index may start the Tuesday session on a negative note, following sharp gains in the previous session, tracking commodity prices.

The U.S. dollar rose to a four-day high, causing dollar-denominated gold and crude oil prices to fall to US$1,210.60 an ounce and US$57.68 a barrel, respectively. Crude oil prices were also pressured by oversupply concerns, as Iran and trading partner China discuss more oil sales, following Iran's nuclear talks with major nations.

The TSX gained 75 points at closing on Monday after energy and mining stocks rose with commodity prices.

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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