CANADA STOCKS-TSX may open higher on rising gold, oil

Tue Feb 2, 2010 8:29am EST
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 TORONTO, Feb 2 (Reuters) - Climbing commodity prices may
help Toronto's main stock market index rise at the open on
 The index recorded its biggest one-day percent gain since
early December on Monday, rising 2.01 percent to 11,317.55,
helped by optimism about economic recovery.
 Here is some of the news that may affect the market.
 Suncor Energy Inc SU.TO, Canada's biggest energy company,
returned to profit in the fourth quarter, helped by higher
crude oil prices and last year's purchase of Petro-Canada.
 Gold prices rose above $1,110 in Europe on Tuesday,
extending the previous session's 2 percent gains. Crude oil
prices rose more than 1 percent, topping $75 a barrel, as
traders awaited data on crude and middle distillate
inventories. [GOL/] [O/R]
 In the United States, Redbook releases its weekly retail
sales data of department and chain store sales at 8:55 a.m. EST
(1355 GMT), while the National Association of Realtors will
issue pending home sales for December at 10 a.m. EST (1500
GMT). Economists surveyed by Reuters expect a 1.0 percent rise
compared with a 16.0 percent fall in the previous month.
 No major Canadian data until Friday until jobs data.
[ID:nN01230910] ECONCA
 White House adviser Paul Volcker will urge Congress to curb
the risks taken by large banks to help prevent them from being
treated as "too big to fail," according to testimony obtained
by Reuters. [ID:nN01217116]
 The Canadian government will keep supporting development of
Alberta's oil sands while it follows the U.S. lead on setting
targets for cutting greenhouse gas emissions, the country's
environment minister said on Monday. [ID:nN01203876]
 Toronto Stock Exchange operator TMX Group Inc X.TO said
it is slashing trading fees it charges for securities worth
less than C$1, its latest to defend its waning market share.
 Following is a summary of research actions on Canadian
companies reported by Reuters on Tuesday. [RCH/CA]
 * Goldman Sachs adds Rogers Communications RCIb.TO to
"conviction sell" list
 * UBS cuts price target on Viterra VT.TO to C$11 from
C$12, rating buy
 * RBC raises Thomson Reuters TRI.TO to "top pick" from
 (Reporting by Ka Yan Ng, Editing by Chizu Nomiyama)