CANADA STOCKS-TSX may open lower as commodities sag

Wed Jun 3, 2009 8:46am EDT
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TORONTO, June 3 (Reuters) - Toronto's main stock index could open slightly lower on Wednesday as a dip in oil prices puts downward pressure on the resource-laden index, and Toronto follows world stocks lower after recent gains.

European stocks fell and Wall Street was set for a weaker start on Wednesday as investors turned cautious after a recent run-up on optimism the global economy is recovery. [MKTS/GLOB]

On Tuesday, the S&P/TSX composite index .GSPTSE closed down 15.27 points, or 0.14 percent, at 10,588.79.

Here is some news that could affect the market:


Bombardier Inc reported a 31 percent drop in quarterly profit on Wednesday and said cancellations in business aircraft have outpaced the level of new orders. [ID:nBNG426045]


Toronto-Dominion Bank is looking into allegations that a handful of traders improperly passed on rumors to clients about a stock believed to be Canadian oil sands company OPTI Canada OPC.TO, the Globe and Mail newspaper said on Wednesday. [ID:nN03543529]

AGRIUM INC AGU.TO   Continued...