CANADA STOCKS-TSX may open higher on resources, euro zone eyed

Mon Feb 8, 2010 8:37am EST
 
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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 DEAL

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...