Premarket: TSX eyes higher open on last trading day of the year


Source: theglobeandmail.com theglobeandmail.com

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Futures linked to Canada’s resources-heavy main stock index were marginally higher on Friday amid rising crude oil prices, positioning the index for yearly gains on hopes of a softer monetary policy from major central banks next year. U.S. stock futures were flat. March futures on the S&P/TSX index were up 0.06% at 7:02 a.m. ET (1202 GMT), mirroring gains in their U.S. counterparts. The Toronto Stock Exchange’s S&P/TSX composite index ended the previous session lower, hurt by declining commodity-linked stocks. The benchmark eyes a near 8% rise for the year amid growing hopes that major central banks could resort to...