CANADA STOCKS-TSX may open higher on copper, Greece

Mon Mar 1, 2010 8:00am EST
 
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TORONTO, March 1 (Reuters) - Canada's main stock market index may open higher on Monday on surging copper prices and signs that Greece's debt troubles could be easing.

Copper hit its highest in more than five weeks on Monday, after a massive earthquake in top producer Chile shut up to one fifth of the country's output, stoking speculation the metal could revisit a 2010 peak.[ID:nSGE62000O]

Greece may soon announce new steps to cut its budget deficit, a government minister said on Sunday, amid signs that Athens might be nearing a deal with European Union governments to ease the Greek debt crisis. [ID:nLDE61R0BX]

Toronto's main stock index finished flat on Friday as key financial and resource shares put in a mixed performance, while U.S. economic data reinforced views of tepid growth this year. [ID:nN26250380]

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

FLAT GOLD

Gold retreated from highs in Europe on Monday to trade little changed from the previous session as the euro surrendered gains versus the dollar, but prices were underpinned by strength in other commodities. [ID:nLDE6200VX]

XSTRATA PLC

Mining group Xstrata XTA.L reached a labor agreement with office, technical, and clerical workers at its Sudbury nickel operations in Canada, heading off a potential strike, the firm said on Monday. [ID:nLDE6200BU]   Continued...