CANADA STOCKS-TSX may open lower as commodity prices fall
June 1 (Reuters) - Toronto's main stock index could open weaker on Tuesday after commodity prices and global equity markets fell on concerns about euro zone and Chinese growth.
Investors will also keep a close eye on the Bank of Canada's interest rate announcement.
Canada's central bank is widely expected to raise its key interest rate by 25 basis points to 0.50 percent at 9 a.m. (1300 GMT), which would make it the first Group of Seven country to raise rates since the global financial crisis. [ID:nN25118365]
World stocks fell on fears about the outlook for the global economic recovery. [MKTS/GLOB]
Wall Street is also set for a lower open after data revealed manufacturing growth slowed across the globe in May amid growing uncertainty over what damage Europe's debt crisis may do to the fragile economic recovery. [.N]
European shares fell and the euro hit a four-year low against the dollar. Asian markets were also down.
Here is some news that could affect stock prices:
SCOTIABANK PROFIT RISES
Bank of Nova Scotia BNS.TO said on Tuesday quarterly profit rose 26 percent as domestic banking had a record quarter and loan losses fell again, exceeding expectations for more modest profit growth. [ID:nN28202192] Continued...