CANADA STOCKS-TSX may open higher on Greek bailout hopes

Tue Feb 9, 2010 8:07am EST
 
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TORONTO Feb 9 (Reuters) - Toronto's main stock market index may open higher on Tuesday on firm resource prices and speculation that a bailout would soon be organized for Greece.

Global markets were boosted by speculation that a special European Union summit scheduled for later in the week would introduce initiatives to help restore Greece's debt problems. For details, see [ID:nSGE61801C] [MKTS/GLOB]

The Toronto Stock Exchange's S&P/TSX composite index .GSPTSE sank 1 percent on Monday.

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

AGRIUM

Canada's Agrium Inc (AGU.TO: Quote) reported a weaker fourth-quarter profit, primarily due to lower fertilizer selling prices, but the company expects increasing volume shipments to boost 2010 results. [ID:nN09157157]

TECK RESOURCES

Teck Resources Ltd TCKb.TO, the country's largest base metals miner, posted a profit in the fourth quarter of 2009, rebounding from a year-before loss due mainly to stronger base metal prices. [ID:nN08210504]

COMMODITY PRICES   Continued...