CANADA STOCKS-TSX may gain on record gold, risk sentiment up

Mon Nov 9, 2009 8:56am EST
 
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 TORONTO, Nov 9 (Reuters) - A record gold price and rising
oil prices may guide Toronto's resource-laden main stock index
higher at the open on Monday to extend gains for a fifth
straight session.
 Risk appetite was also well-supported from a pledge by the
Group of 20 to keep economic stimulus in place until a recovery
was assured. Finance ministers and central bankers of the G20
promised on Saturday to keep the aid flowing until an economic
recovery was sustainable. [ID:nLQ516726]
 The S&P/TSX composite index .GSPTSE finished Friday's
session up 69.72 points, or 0.62 percent, at 11,250.42, with
eight of its 10 main groups higher. The index was up 3.1
percent on the week.
 Here is some of the news that may affect the market.
 COMMODITY PRICES: RECORD GOLD
 Gold hit a record high above $1,110 an ounce as the U.S.
dollar index .DXY slid on expectations U.S. interest rates
will remain low, boosting interest in the metal as an
alternative asset. Spot gold XAU= reached a peak of $1,109.15
an ounce. [GOL/]
 * See also: Oil jumps towards $79 on hurricane, dlr [O/R]
 ANGIOTECH
 Angiotech Pharmaceuticals Inc ANP.TO reported a much
smaller third-quarter loss than a year earlier, when the
medical device company booked a huge writedown of goodwill.
[ID:nN09249653]
 COMPANY RESULTS IN BRIEF
 * CGI Group GIBa.TO Q4 profit beats estimates
[ID:nBNG441833]
 * Ensign Energy ESI.TO Q3 profit sinks 77 pct
[ID:nBNG183110]
 * Quadra Mining QUA.TO 3rd-qtr net income falls
[ID:nN09197148]
 MEGA BRANDS
 Toymaker Mega Brands MB.TO said that it would book a $72
million recovery when it reports its quarterly results after it
settled outstanding legal action related to a 2006 suit. The
action related to a suit concerning Rose Art, a toy company,
which it purchased from the Rosen family in 2005.
[ID:N0921200]
 RESEARCH ROUNDUP
 Following is a summary of research actions on Canadian
companies reported by Reuters on Monday. [RCH/CA]
 * Genuity, RBC, cut Telus T.TO price target
 * Raymond James raises SNC-Lavalin SNC.TO to "outperform"
from "market perform"; Genuity, Versant, RBC ups price target
 BAY STREET: TMX FACES LOSS OF MORE MARKET SHARE
 Upstart rivals are set to take a still bigger bite out of
TMX Group Inc's X.TO share of the Canadian stock trading
market in coming months as competition heats up over pricing,
product and technology. [ID:nN06209604]
 (Reporting by Ka Yan Ng)