CANADA STOCKS-TSX poised to open higher on oil, gold, stimulus

Mon Dec 8, 2008 8:45am EST
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TORONTO Dec 8 (Reuters) - The Toronto Stock Exchange's main index could open higher on Monday as oil and gold prices firmed and as investors hoped global stimulus measures would avert a deeper slide in the economy.

On Friday, the S&P/TSX composite index .GSPTSE closed up 59.21 points, or 0.73 percent, at 8,117.03, as a rebound in financial shares on encouraging news from a U.S. insurer helped offset the drag lower oil prices had on the resource-heavy market.

Here is some of the news that may affect the market:


China and European leaders were due to plot their next steps on Monday, while stimulus measures presented, planned or pending helped push stock markets higher. [ID:nHKG329944]

U.S. President-elect Barack Obama unveiled stimulus plans at the weekend, which featured the largest U.S. infrastructure program since the 1950s and the creation of 2.5 million jobs. For links to more stories see [ID:nCRISIS]


Equities surged around the world with investors focusing on a likely rescue plan for U.S. automakers, a proposed U.S. jobs plan and more government stimulus measures to try to reverse economic decline. [MKTS/GLOB]