CANADA STOCKS-TSX set to open higher as oil, commodities rise

Fri Apr 8, 2011 8:45am EDT
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April 8 (Reuters) - Toronto's main stock index looked set to open higher on Friday, as expectations of strong demand and possible shortages helped push oil and other commodity prices higher.


* Canadian equity futures <0#SXF:> pointed to a higher open.

* The Canadian dollar hit its highest level in over three years after traders digested the positive details of an initially disappointing jobs report. [CAD/]

* U.S. stock index futures rose, led by energy and material stocks, as optimism about increased economic demand pushed commodity prices higher. [.N]

* European shares headed for their highest close in more than a month, with miners up as metals prices were boosted by an improving economic outlook and a weaker dollar. [.EU]

* Asian markets were up but the Sensex bucked the trend closing 0.7 percent lower, as traders opted to book gains after the sharp gains in March.


* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, rose 0.63 percent in early trade.   Continued...