CANADA STOCKS-TSX may open lower on resources, banks eyed

Tue Mar 9, 2010 7:57am EST
 
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TORONTO, March 9 (Reuters) - Canada's main stock market index may open lower on Tuesday as weak oil and gold prices constrain the resource-heavy index.

But stronger-than-expected results from another of the country's big banks could shine the spotlight on the country's heavily weighted financial sector.

Canada's main stock market index slipped on Monday after touching its highest point in eight weeks, as weaker bullion prices weighed on gold producers.[ID:nN08196024]

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

OIL LOWER

Oil prices slipped back from eight-week highs on Tuesday on expectations of a rise in U.S. crude inventories and a slightly stronger dollar.[ID:nLDE6280F1]

GOLD EASES

Gold prices eased in Europe on Tuesday as a firmer dollar curbed buying, but the metal found good support from bargain hunting around session lows after its 1 percent fall in the previous session.[ID:nLDE6280WS]

BANK OF NOVA SCOTIA   Continued...