CANADA STOCKS-TSX may open flat as weak oil offsets firm metals
TORONTO, August 5 (Reuters) - Toronto's main stock market index could open little changed on Wednesday, as sliding oil prices weigh on the resource-heavy index while higher metal prices temper any decline.
A rally in global equities paused overnight, while the U.S. dollar hovered near its 2009 lows with two major central banks holding policy meetings. [ID:nL5145126]
U.S. stock futures were little changed before key reports on the labor market, factory orders and the vast services sector. [ID:nN05209746]
On Tuesday the S&P/TSX composite index .GSPTSE closed up 230.95 points, or 2.14 percent, at 11,018.10.
Here is some news that could affect the market:
BARRICK GOLD ABX.TO
Barrick Gold Corp, the world's largest gold miner, said on Wednesday it is eyeing global M&A opportunities and will consider assets that include copper. [ID:nSHA349047]
COALCORP MINING INC CCJ.TO
Canada's Coalcorp Mining Inc started a strategic alternatives review, including a possible sale of its La Francia mine, saying the current market value of the company did not reflect the value of its assets. [ID:nBNG524154] Continued...