CANADA STOCKS-TSX may open lower as oil prices slip

Wed Apr 7, 2010 8:52am EDT
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TORONTO, April 7 (Reuters) - Toronto's main stock index may open flat to lower on Wednesday as oil prices take a breather from 18-month highs and an overnight backdrop of evaporating risk appetite continues to weigh on riskier assets.

The index could also follow U.S. futures, which edged lower ahead of a speech by Federal Reserve Chairman Ben Bernanke and an auction of 10-year Treasury notes amid concerns about rising yields. [.N]

As well, European stocks fell on ongoing concerns about the credibility of Greece's aid package. [MKTS/GLOB]

Toronto's main stock index fell on Tuesday with the energy group the chief laggard as investors took profits after two sessions of gains.

Here is some news that could affect stock prices:


The Canadian dollar continued to test parity against its U.S. counterpart on Wednesday, hitting a near 21-month high a day after reaching one-for-one footing. [CAD/]


Oil slipped from 18-month highs around $87, taking a breath after two weeks of gains as the dollar strengthened against other currencies. [O/R]   Continued...