CANADA STOCKS-TSX could rise on commodities, risk appetite

Tue Dec 1, 2009 8:01am EST
 
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 TORONTO, Dec 1 (Reuters) - Toronto's main stock index could
open higher on Tuesday as firm commodity prices boost shares of
energy and mining companies, lifted in part as worries eased
over debt issues in Dubai.
 On Monday, the S&P/TSX composite index .GSPTSE ended down
17.21 points, or 0.15 percent, at 11,447.20. The resource-laden
index could follow world markets .MIWD00000PUS higher on
Tuesday as investors appetite for risk increases and as U.S.
stock index futures pointed to a higher open. [.N]
 Here is some news that could affect the market:
 BARRICK GOLD (ABX.TO: Quote)
 Barrick Gold said on Tuesday it completed the elimination
of all gold hedges and forecast 2010 gold production to grow to
7.7 to 8.1 million ounces at lower total cash costs than 2009.
[ID:nWNAB0833]
 COSSETTE INC KOS.TO
 Canadian advertising agency Cossette Inc said on Monday it
accepted a sweetened bid from U.S. private equity group Mill
Road Capital, and it continues to recommend that its
shareholders reject an unsolicited takeover proposal from
Cosmos Capital. [ID:nN30395158]
 HUSKY ENERGY Inc (HSE.TO: Quote),
 Husky Energy Inc, Canada's No. 3 integrated oil and gas
company, on Monday acquired heavy-oil properties in Alberta and
Saskatchewan producing more than 6,000 barrels per day and
containing as much as 20.5 million barrels of reserves.
[ID:nN30464628]
 CANADIAN NATIONAL RAILWAY CO (CNR.TO: Quote)
 Canada's efforts to speed through legislation to halt a
strike by Canadian National Railway's locomotive engineers hit
a political roadblock on Monday, preventing an immediate end to
the walkout. [ID:nN30458784]
 OIL CLIMBS
 Oil climbed 1 percent to above $78 a barrel on Tuesday,
adding to the previous session's advance, as concern eased that
debt issues in Dubai would set back the global economic
recovery. [O/R]
 GOLD HITS RECORD, BASE METALS FIRM
 Gold hit record highs near $1,200 an ounce on Tuesday as
dollar weakness fuelled buying of the metal as an alternative
asset, while investors speculating on further gains were
cheered by its recovery from last week's lows. [GOL/]
 Copper rose to within a whisker of 14-month highs on
Tuesday, boosted by manufacturing data from China, easing fears
of contagion from a debt crisis in Dubai and a weaker U.S.
dollar. [MET/L]
 CANADA RESEARCH
 Raymond James raised price targets for mining companies
Agnico-Eagle (AEM.TO: Quote) to $80.50 from $67, rating "outperform,"
and on First Quantum Minerals (FM.TO: Quote), to C$130 from C$100,
with a "strong buy" rating. [ID:nBNG374208]
 ($1=$1.05 Canadian)
 (Reporting by Jennifer Kwan; Editing by Padraic Cassidy)