CANADA STOCKS-TSX could open lower as oil, Greece, jobs weigh

Thu Apr 8, 2010 8:56am EDT
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TORONTO, April 8 (Reuters) - Toronto's main stock index could open lower on Thursday as oil prices decline for a second day, hurting the weighty energy sector, but losses may be offset by gold prices that are close to three-month highs.

The index could also follow global stocks and U.S. futures, which edged lower as relentless fears over Greece's public finances unsettled investors worried about sovereign debt defaults in Europe.

On the macro front, shares may extend losses after the number of U.S. workers filing new claims for unemployment insurance rose unexpectedly last week.

Toronto's main stock index ended lower for a second straight session on Wednesday, pulled down in a broad selloff that was led by the energy group.

Here is some news that could affect stock prices:


Oil slipped for a second day on towards $85 a barrel, pressured by a stronger dollar and a rise in U.S. crude stockpiles to their highest level in nearly 10 months. [O/R]


Gold steadied in Europe close to the near three-month highs it hit in the previous session, as the dollar's rise versus the euro capped gains in the precious metal. [GOL/]   Continued...