CANADA STOCKS-Toronto index may be mixed on resources

Wed Nov 5, 2008 9:05am EST
 
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TORONTO Nov 5 (Reuters) - The Toronto Stock Exchange's main index .GSPTSE is seen slipping at the open as strong quarterly profits from the heavily-weighted energy and materials sectors may be offset by sliding prices of resources.

Global equities markets were mixed as Barack Obama claimed a historic victory in the U.S. presidential election as focus now centers on how he will lead the world out of the global financial crisis. [MKTS/GLOB]

The TSX closed on Tuesday above 10,000 for the first time in two weeks as resource issues rallied with climbing commodity prices.

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

AGRIUM PROFITS SURGES

Agrium Inc AGU.TO said third-quarter profit topped analyst expectations and the company widened its outlook for the second half of the year amid turmoil in the global economic and commodity markets. [ID:nN04258936]

ENBRIDGE PROFIT NEARLY DOUBLES

Third-quarter profit at Enbridge Inc ENB.TO nearly doubled as Canada's No. 2 pipeline company benefited from one-time gains. [ID:nN04429230]

YAMANA GOLD PROFIT SOARS   Continued...