CANADA STOCKS-TSX poised to open higher after big tumble
TORONTO Dec 2 (Reuters) - The Toronto Stock Exchange's main index could open higher on Tuesday after a 9.3 percent slide in the previous session and as oil and gold prices trimmed earlier losses.
U.S. stock futures pointed higher on expectations investors would search for beaten-down shares and on hopes for an auto industry bailout. [ID:nN02545222]
On Monday, the S&P/TSX composite index .GSPTSE fell 864.41 points, or 9.32 percent, to 8406.21, its biggest percent decline since October 1987, on a deluge of grim U.S. economic news.
Here is some of the news that may affect the market.
TED ROGERS DIES
Ted Rogers, who transformed a single FM radio station into a North American broadcasting, publishing and wireless telecommunications conglomerate, has died, Rogers Communications Inc (RCIb.TO: Quote) said on Tuesday. He was 75. [ID:nN02547016]
MANULIFE FINANCIAL (MFC.TO: Quote)
Manulife Financial is bolstering its capital position by issuing C$2.125 billion in common equity and the insurer says it sees 2008 net income to be about C$900 million. [ID:nWNAB8688]
COALITION GOVERNMENT Continued...