CANADA STOCKS-TSX may gain as oil, equities climb

Thu Jun 3, 2010 9:21am EDT
 
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TORONTO, June 3 (Reuters) - Toronto's main stock index .GSPTSE could follow global stocks higher at the open on Thursday as firmer oil prices lift energy shares, while optimism about economic recovery tempts investors to buy.

In Europe, shares rose to a two-week high after a survey showed the euro zone services sector expanded in May and the Final Services Employment Index showed its first jobs growth since June 2008.

Major markets in Asia rallied, though China's key stock index fell to a 13-month closing low as falls in property shares overwhelmed earlier gains.

Here is some news that could affect stock prices:

CANADIAN WESTERN BANK CWB.TO

Canadian Western Bank said on Thursday quarterly profit surged as net interest margins improved, surpassing expectations, but the lender said it expects profits to moderate in the months ahead. [ID:nWNAB5882]

BIOVAIL CORP BVF.TO

Biovail has entered into an agreement with Kyowa Hakko Kirin Co to acquire the U.S. and Canadian rights to commercialize products containing Istradefylline A, a new chemical entity targeted for the treatment of Parkinson's disease. [ID:nWNAB5775]

BROOKFIELD ASSET MANAGEMENT BAMa.TO   Continued...