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Market Impact: 0.32

Weak Commodity Prices May Weigh On Canadian Market

Energy Markets & PricesCommodities & Raw MaterialsGeopolitics & WarMarket Technicals & FlowsInvestor Sentiment & Positioning

Canadian stocks are set to open lower on Thursday as sharply weaker oil and precious metals prices weigh on the market. The downside may be partially limited by the interim peace deal signed by Iran and the U.S., which could ease geopolitical risk. The tone is broadly risk-off, with the move likely driven more by commodities than by broad macro news.

Analysis

Canadian stocks are set to open lower on Thursday as sharply weaker oil and precious metals prices weigh on the market. The downside may be partially limited by the interim peace deal signed by Iran and the U.S., which could ease geopolitical risk. The tone is broadly risk-off, with the move likely driven more by commodities than by broad macro news.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.25