CANADA MARKETS-TSX may rise on resources, banks
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.
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...