CANADA STOCKS-Toronto index could fall as oil, metals drop

Mon Dec 7, 2009 8:42am EST
 
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TORONTO Dec 7 (Reuters) - Toronto's main stock market index will likely open lower on Monday as weak commodity prices, pressured by strength in the U.S. dollar, hit shares of weighty energy and mining companies.

Toronto's S&P/TSX composite index .GSPTSE could extend Friday's 1 percent loss, following global stocks lower as investors grow more certain that U.S. interest rates could rise soon after the previous session's robust jobs report. [MKTS/GLOB]

Here is some news that could affect the market:

CF RAISES OFFER FOR TERRA BY $4.75/SHARE

Fertilizer maker CF Industries (CF.N: Quote) said on Monday it raised its bid for Terra Industries Inc TRA.N by $4.75 in cash per share, bringing the value of the hostile takeover bid at $4.58 billion. [ID:nN07156268]

POTASH CORP (POT.TO: Quote), AGRIUM INC (AGU.TO: Quote)

UBS raises Agrium Inc (AGU.N: Quote) to "buy" from "neutral" and Agrium Inc's price target to $72 from $50.

UBS raises Potash Corp POT.N price target to $120 from $95; rating "neutral."

Goldman Sachs raises Potash Corp POT.N to "buy" from "neutral."   Continued...