Markets

TSX Set for Weak Start As Commodities Dive

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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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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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