CANADA STOCKS - Factors to watch on Oct 7

Tue Oct 7, 2008 8:36am EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

TORONTO Oct 7 (Reuters) - Canada's S&P/TSX composite index .GSPTSE may get a boost on Tuesday after its big tumble on Monday as recession worries pummeled markets, while oil rebounded above $90 a barrel and gold was higher.

Here is some of the news that could affect the market.


Three polls show a tighter Canadian election race than earlier in the campaign and pointed to the ruling Conservatives winning a minority government rather than the majority that sometimes had seemed to be in the cards. [ID:N06387154]


Canada's government says the economy can still avoid a recession even as the global financial crisis battered the stock market and economists warned of little growth until late next year. [ID:N06393924]


Australia responds to the growing credit crisis by cutting its interest rates by 100 basis points to 6.0 percent, putting pressure on Western central banks to cut borrowing costs. [ID:nPEK327881] For more link to stories, see: [nCRISIS]

RBC CUTS BANKS   Continued...