Markets

TSX Set for Strong Start As Commodities Rise

Market charts plus calculator

Canada's benchmark index looked set to open higher on Tuesday, drawing support from rising commodity prices.

Stock futures for the December quarter on the S&P TSX index were up 0.02% recently.

Oil was in the green, and Action Economics said the market continues to gyrate into next week's OPEC meeting, where expectations remain high that the cartel and non-OPEC producers will extend the current agreement to cap production. Such an outcome will keep prices supported, though gains toward $60 will likely see U.S. shale producers ramp up production, which could quickly kill a rally.

The TSX added 5 points on Monday, with tech, telecom, and financial stocks leading the advance.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

Stocks