Commodities
TSX Futures Dragged Down by Gold, Silver Slump
Canada's TSX futures took a hit early Wednesday, slipping 0.2% as gold and silver prices fell.
The decline in precious metals was mirrored by oil, which remained near a two-week low amid improved supply expectations and renewed hopes of progress toward a regional deal.
The TSX is heavily weighted towards energy and mining firms, making it vulnerable to commodity price fluctuations. With over 36% of the index comprised of these sectors, even small moves can have a significant impact on the broader market.