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 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...