CANADA STOCKS-TSX eyes soft open as oil, gold sag

Thu Oct 1, 2009 8:25am EDT
 
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TORONTO Oct 1 (Reuters) - Toronto's main stock index could open flat to slightly lower on Thursday as investors pause after closing the quarter on a high note, while weak commodity prices pressure the resource-heavy market.

Toronto may also follow world stocks, which kicked off October on a weaker note [MKTS/GLOB]. U.S. stock index futures pointed to a flat to lower open. [.N]

On Wednesday, the S&P/TSX composite index .GSPTSE ended almost unchanged at 11,394.96. The TSX ended the month up 4.8 percent and rose 9.8 percent for the quarter.

Here is some news that could affect the market:

NORTEL NETWORKS NRTLQ.PK

Nortel Networks Corp said on Wednesday it plans to sell its global GSM business, as the bankrupt telecom equipment maker continues to auction off its assets. [ID:nN30222128]

SUNCOR ENERGY (SU.TO: Quote)

Environmental activists said on Wednesday they canoed into Suncor Energy Inc's Alberta oil sands operation, blocking equipment in a second protest action in as many weeks aimed at disrupting crude production. [ID:nN30215998]

CANADA SET TO AVOID ELECTION   Continued...