CANADA MARKETS-TSX may rise on resources, banks

Thu Dec 3, 2009 8:19am EST
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

TORONTO Dec 3 (Reuters) - Canada's main stock market index could open higher on Thursday as record gold trades and firm oil prices underpin the commodity-heavy market.

Investors will also take time to digest quarterly results from a number of the country's biggest banks, including Toronto Dominion Bank (TD.TO: Quote) and Canadian Imperial Bank of Commerce (CM.TO: Quote).

Toronto's main stock index rose to its highest level in more than 14 months on Wednesday as a surge in gold prices pushed up gold-mining shares. [ID:nN02515196]

Here is some of the news that could affect the market:

GOLD HITS FRESH HIGH

Gold prices rallied to fresh record highs above $1,225 an ounce in Europe on Thursday as the U.S. dollar slid toward a 16-month low against the euro, fueling buying of the metal as an alternative asset.[ID:nGEE5B20XL]

U.S. CRUDE RISES

U.S. crude oil futures rose on Thursday as fund activity helped the market recover from a sell-off the previous session, but oversupply curbed gains.[ID:nSP475663]

CANADA BANK RESULTS   Continued...