CANADA STOCKS - Factors to watch on Oct 9

Thu Oct 9, 2008 9:07am EDT
 
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TORONTO Oct 9 (Reuters) - Canada's S&P/TSX composite index .GSPTSE may extend gains on Thursday after snapping a five-day losing streak as a surprise coordinated interest rate cut by central banks on Wednesday injected some confidence to the market.

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

FINMIN FLAHERTY

Canadian Finance Minister Jim Flaherty says he has "absolutely no concern" about the health of the country's financial institutions, but remains focused on the issue of availability of credit. He says the government is not looking at a rescue package for banks. [ID:nTOR003584]

CANADIAN BANKS

World Economic Forum survey finds Canada has the world's soundest banking system, closely followed by Sweden, Luxembourg and Australia. [ID:nSYD394240]

CANADA ELECTION

Canadian Prime Minister Stephen Harper's Conservatives, hammered recently over the financial crisis, have regained a sizable lead in public support ahead of the Oct. 14 election, a poll shows. [ID:nN08171947]

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