CANADA STOCKS-TSX may open lower on slipping oil, Greece

Tue Apr 6, 2010 8:49am EDT
 
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TORONTO, April 6 (Reuters) - Toronto's main stock index may open lower on Tuesday as a dip in oil prices from 18-month highs weighs on the energy sector, but a boost in gold prices could help offset the losses.

The index could also follow U.S. futures, which edged lower after a report Greece wants to renegotiate a deal for financial aid spurred investors to seek less risky assets. [.N]

Toronto's main stock market index rose to an 18-month high on Monday before paring gains, as rising oil prices and firm U.S. economic data bolstered hopes for a sustained recovery.

Here is some news that could affect stock prices:

GREECE WANTS TO AMEND EU AID DEAL

Greece's government, concerned that the IMF would impose tough conditions in exchange for aid, wants to amend a deal struck at an EU summit last month to bypass an IMF financial contribution, senior government sources in Athens told Market News International. [ID:nSGE635012]

OIL SLIPS

Oil retreated from 18-month highs after rallying for five sessions in a row, as the dollar's rise following strong U.S. economic data weighed on a number of key commodities. [O/R]

EURO ZONE FEARS BOOST GOLD   Continued...