CANADA STOCKS-TSX may open little changed, commodities mixed

Mon Jul 5, 2010 8:48am EDT
 
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 TORONTO, July 5 (Reuters) - Toronto's main stock index may
open little changed on Monday as copper and oil prices rose and
gold slipped on a day when U.S. markets will stay closed for
the Independence Day holiday.
 The Toronto Stock Exchange's S&P/TSX composite index
.GSPTSE lost 4.4 percent last week, hitting its lowest in
more than four months as resource issues, particularly gold
miners, stumbled heavily. [ID:nN02244323]
 OIL SLIGHTLY HIGHER
 U.S. crude oil inched above $72 a barrel on Monday,
snapping a five-day losing streak, but gains were limited due
to concerns that slowing global growth could limit demand.
[O/R] [ID:nSGE66405P]
 COPPER RISES
 Copper prices rose on the back of U.S. dollar weakness and
arbitrage buying in Shanghai. [MET/L]
 GOLD PRICES DIP
 Gold prices edged lower edged below $1,210 an ounce on
Monday as the risk aversion that drove prices to record highs
last month abated, with caution during the U.S. Independence
Day holiday also keeping a lid on gains. [GOL/]
 SINO-FOREST SIGNS FUNDING DEAL
 Forest plantation operator Sino Forest Corp TRE.TO said
on Monday its Sino-Panel Investments Ltd unit has entered into
a financing agreement for up to 10 billion RMB ($1.5 billion)
with China Development Bank Corp for projects in China.
[ID:nSGE6610KA]
 VALE DEAL REACHED IN SUDBURY
 Vale (VALE5.SA: Quote) said on Sunday it reached a tentative
contract agreement with workers at its Sudbury, Ontario, nickel
and copper mining operation, signaling the end of a bitter,
year-long strike. [ID:nN04213666]
 NORD RESOURCES LAYOFFS
 Nord Resources Corp NRD.TO said on Monday is was
temporarily suspending mining and crushing of ore at its
Johnson Camp Mine and was laying off 43 people at the copper
mine for cost reduction purposes.
 CANADIAN DOLLAR SLIPS
 The Canadian dollar fell against its U.S. counterpart on
Monday morning, as investor demand faded in favor of the euro.
[ID:nN05235183]
 RESEARCH ROUNDUP
 Following is a summary of research actions on Canadian
companies reported by Reuters. [RCH/CA]
 * Raymond James cuts Cervus Equipment CVL.V price target
to C$13 from C$14; rating outperform
 * Raymond James cuts Rocky Mountain Dealerships (RME.TO: Quote)
price target to C$10.50 from C$13; rating outperform
 * CIBC raises Angle Energy NGL.TO price target to C$10.25
from C$9.50; rating outperform
 * Paradigm cuts Taseko Mines Ltd (TKO.TO: Quote) price target to
C$6.50 from C$7.75; rating buy
 ($1=$1.07 Canadian)
 (Reporting by John McCrank; Editing by Frank McGurty)