CANADA STOCKS-TSX may open little changed in thin trade

Fri Jul 3, 2009 8:30am EDT
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

TORONTO, July 3 (Reuters) - Toronto's main stock market index could open little changed on Friday morning in thin trading with with the U.S. markets closed for a holiday and mixed commodity prices.

World stocks fell on Friday after a grim U.S. jobs reading and euro zone data added to expectations the pace of economic recovery would be slow. [MKTS/GLOB] U.S. markets were closed in observance of the Independence Day holiday.

On Thursday, the S&P/TSX composite index .GSPTSE closed down 129 points, or 1.24 percent, at 10,245.91.

Here is some news that could affect the market:

TECK RESOURCES LTD (TCKb.TO: Quote)

Teck Resources (TCKb.TO: Quote) said on Friday it will sell a 17.2 percent equity stake to state-owned China Investment Corp through a private placement that will raise C$1.74 billion ($1.5 billion) and help the miner pay down debt. [ID:nN03153079]

FLAHERTY: NO PLANS TO ADD TO STIMULUS

Canada has no immediate plans to increase the size of its two-year stimulus plan, which is designed to pump an extra C$46 billion into the economy, Finance Minister Jim Flaherty said on Thursday. [ID:nN02102101]

OIL SAGS   Continued...