CANADA STOCKS-TSX may open higher, BoC eyed

Tue Mar 2, 2010 8:13am EST
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TORONTO, March 2 (Reuters) - Canada's main stock market index may open higher on Tuesday as strong quarterly results from Bank of Montreal (BMO.TO: Quote) shine the spotlight on the heavily weighted financial sector and gold rises.

But the gains could be tempered as base metal prices slip, led by copper, as worries about supplies from top producer Chile eased.

Investors will also take time to digest the Bank of Canada's latest interest rate decision set to be announced before the markets open.

All 12 primary securities dealers surveyed by Reuters expect the Bank of Canada to maintain its overnight target rate at its current 0.25 percent. [ID:nN25112645] CABOCR=ECI

Toronto's main stock index closed higher on Monday as industrial and bank shares were boosted by strong North American economic data and mining stocks benefited from surging copper prices resulting from Chile's massive earthquake.[ID:nN01113144]

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


Bank of Montreal (BMO.TO: Quote) said on Tuesday its quarterly profit surged in the first quarter as domestic banking income climbed 28 percent and loan losses fell, overshadowing weak U.S. results.[ID:nN02136197]

GOLD RISES   Continued...