CANADA STOCKS-TSX may open higher on jobs data, RBC

Fri Dec 4, 2009 8:28am EST
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TORONTO Dec 4 (Reuters) - Canada's main stock market could open higher on Friday as a strong domestic employment report and more positive bank results bring a brighter tone to the market ahead of key U.S. data expected before the start of the session.

But weak commodity prices could temper any gains as falling gold and energy prices weigh on the resource-heavy market.

Toronto's main stock index fell on Thursday, snapping a two-session advance, as a decline in commodity prices erased an earlier rally that had lifted the resource-heavy index to its highest level in more than 14 months.[ID:nN0392474]

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


Canada's economy added far more jobs than expected in November, more than erasing the losses in October and suggesting a recovery is in the making.[ID:nN04141170]


Oil prices fell for a third consecutive day on Friday, to below $76 a barrel, under pressure from high levels of inventories and nervousness ahead of the latest employment data from the world's top energy consumer, the United States. [nSP472653]

GOLD LOWER   Continued...