CANADA STOCKS-TSX may open higher on China data, resources

Wed Mar 10, 2010 8:12am EST
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TORONTO, March 10 (Reuters) - Toronto's main stock market may open higher on Wednesday as strong import data from China, a major consumer of Canada's commodities, shines the light on resources.

Bargain hunting might also help prop up the Toronto market as investors look for cheap buys following two days of losses for the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE.

Toronto's main stock index fell for a second straight session on Tuesday as weaker oil and gold prices pulled resource issues lower and most bank stocks dropped amid profit-taking.[ID:nN09256393]

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


Chinese exports and imports grew faster than expected in February, underlining the momentum behind the world's third-largest economy and reinforcing the case for a rise in the yuan. [ID:nSGE6290A5]


Copper prices rose on Wednesday, as data showing stronger-than-expected Chinese imports of the metal quelled some concerns that demand might be softening in the world's top base metals consumer.[ID:nLDE6290QC]

U.S. CRUDE OIL   Continued...