TSX Set for Weak Start As Oil Prices Fall

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Canada's benchmark index looked set to kick off the first trading day of the week in the negative territory, pressured by the weakness of oil prices .

Stock futures for the March quarter on the S&P TSX index were down 0.1% in recent trade.

Oil was down to fresh multi-month lows early Monday as concerns over the global economy sparked demand concerns. On the other hand, gold was up early on Monday as investors looked for safety amidst falling stock and commodity markets and a weakening US dollar.

The TSX fell by as much as 200 points on Friday and has lost more than 1,000 points in the last 15 sessions.

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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