Markets

TSX Set to Open Lower as Commodity Prices Decline on Disappointing Growth in China

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The Toronto stock market is expected to open sharply lower this morning on weaker commodity prices following a report showing slower than expected economic growth in China.

China's economy grew by 7.7% in the first quarter, down from the previous quarter's 7.9%. Analysts had expected 8% growth.

European indexes were negative with London's FTSE down more than 1%. Earlier in Asia, Japan's Nikkei 225 finished 1.6% lower.

On Friday, the TSX shed more than 1%, closing at 12,337. The index is down 0.8% for the year.

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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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