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