CANADA STOCKS - Factors to watch on Oct 3

Fri Oct 3, 2008 8:53am EDT
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(In U.S. dollars unless noted)

TORONTO Oct 3 (Reuters) - Canada's S&P/TSX composite index .GSPTSE could open higher on Friday, after a near 7 percent rout in the previous session and ahead of a vote in the U.S. House of Representatives over the $700 billion financial sector bailout plan.

Here is some of the news that could affect the market. Reuters has not verified press reports and does not vouch for their accuracy.


The U.S. House of Representatives is set to debate and vote on the monster rescue plan aimed at tackling the financial crisis after the Senate approved the bill on Wednesday night. [ID:nSP58422] For more links to stories, see: [ID:nCRISIS]

CIBC (CM.TO: Quote)

Canadian Imperial Bank of Commerce says it will limit its U.S. residential exposure through a $1.050 billion agreement with a fund arranged by Cerberus Capital Management. [ID:nN03323380]

CANADA ELECTION   Continued...