CANADA STOCKS-TSX may pull back at open as oil retreats

Wed Apr 1, 2009 8:17am EDT
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TORONTO, April 1 (Reuters) - Toronto's main stock index may fall at the open on Wednesday as commodity prices weaken and as markets were focused on the meeting of the Group of 20 rich and emerging nations in Britain to tackle the global crisis.

World stocks were mixed as investors were looking to the G20 meeting for more confirmation there will be coordinated efforts to ward off a deeper slump in economic growth. For more see [ID:nL1180260].

U.S. stock index futures signaled a lower open with General Motors Corp (GM.N: Quote) in focus on reports it may be headed for a "controlled" bankruptcy. [ID:nL1935990]

On Tuesday, the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE rose 124.17 points, or 1.44 percent, to close at 8,720.39. At one point in the session it was up 2.15 percent.

Here is some news that could affect the market:


Research In Motion RIMM.O has launched an online store selling entertainment, games, news, and travel applications to its BlackBerry users. [ID:nL1124732]


Air Canada shares sank 22 percent on Tuesday as analysts speculated that the resignation of its CEO and the naming of a replacement known for his restructuring expertise may signal the airline's second filing for creditor protection in six years. [ID:nBNG455095]   Continued...