TSX Set for Weak Start As Commodities Dive
Canada's benchmark index looked set to open lower on Friday, dragged down by weak commodity prices.
Stock futures for the June quarter on the S&P TSX index were down 0.03% recently.
Precious metals and oil were in the negative territory, hurt by a strong U.S. dollar. On oil, in particular, Action Economics said that bullish narratives remain dominant -- record demand in Asia, pending U.S. trade sanctions on Iran -- and crude is likely to remain buoyant.
The TSX gained 35 points on Thursday, supported by energy stocks.
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