CANADA STOCKS-TSX may open higher on Greek bailout hopes
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.
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 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...