CANADA STOCKS-TSX may open higher on resources, euro zone eyed
TORONTO Feb 8 (Reuters) - Canada's main stock market index could open higher on Monday as firm gold and energy prices and a deal by Canpotex to sell about 350,000 tonnes of potash to China's Sinofert (0297.HK: Quote) could help boost the commodity-laden index.
But persistent worries over euro zone sovereign debt could temper the gains.
Toronto's main stock market index fought its way to a higher close on Friday, pushed up by Barrick Gold Corp (ABX.TO: Quote) and other heavyweight gold miners, after touching a three-month low earlier in the day. [ID:nN05113397]
Here is some of the news that may affect the market.
EURO ZONE WORRIES
The euro and growth-linked currencies fell on Monday as investors unwound risky trades amid growing worries about euro zone's debt problems, dismissing assurances from European finance ministers at the weekend. [ID:nTOE61702V]
Canpotex, the export arm of Canadian potash producers, said on Monday it signed a deal to sell about 350,000 tonnes of potash to China's Sinofert (0297.HK: Quote) at competitive prices. [ID:N08104080]
FIRM OIL Continued...