CANADA STOCKS - Factors to watch on Oct 6

Mon Oct 6, 2008 8:44am EDT
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TORONTO Oct 6 (Reuters) - Canada's S&P/TSX composite index .GSPTSE may face pressure on Monday, as oil slipped below $90 a barrel on recession fears and as concerns over the fallout from the U.S. credit woes fanned a global market rout.

Here is some of the news that could affect the market. Reuters has not verified press reports and does not vouch for their accuracy.


Bank of Nova Scotia BNS.TO, the country's third largest bank, predicts a Canadian recession that could last well into 2009, CTV news says in a report. [ID:nN06331854]


Bank of Nova Scotia BNS.TO said on Monday it planned to spend C$2.3 billion to buy Sun Life Financial's SLF.TO stake in CI Financial CIX_u.TO. [ID:nN06280146]


The ruling Conservatives are headed for a strengthened mandate but would fall short of a majority of seats in Parliament, says the first major opinion poll taken after Canada's election debates. [ID:nN05335520]   Continued...