CANADA STOCKS-TSX may rise on resources, data eyed

Mon Feb 1, 2010 8:49am EST
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TORONTO Feb 1 (Reuters) - Toronto's main stock market index may rise on Monday on firmer commodity prices, while expectations of further proof of a U.S. economic recovery could also provide support.

Investors may look past overseas markets, which were stung by woes about Greece's government debt and China inflation jitters, and focus on the U.S. factory data. U.S. stock index futures also pointed to a higher open. [MKTS/GLOB]

The Toronto Stock Exchange's S&P/TSX composite index .GSPTSE fell 1.6 percent to 11,094.31 on Friday, which helped the index extend its losing streak to three straight weeks.

Here is some of the news that may affect the market.


Gold firmed above $1,080 an ounce as the U.S. dollar extended losses versus the euro after stronger than expected euro zone manufacturing data. The price of oil consolidated around $73 per barrel with the outlook still clouded by concerns over the prospects for global growth and sluggish fuel demand. [GOL/] [O/R]

* See also: Xstrata XTA.L reaches deal with Sudbury nickel miners [ID:nN01182228]

* Exxon (XOM.N: Quote) quarterly profit down 23 percent but tops Street [ID:nN01189745]

U.S. DATA ON TAP   Continued...