CANADA STOCKS-TSX may open lower on weak commodities,

Fri Jul 10, 2009 8:29am EDT
 
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TORONTO, July 10 (Reuters) - Toronto's main stock market index could open lower on Friday, as weaker commodity prices, including oil, weigh on the resource-heavy market.

Uncertainty on company earnings and economic recovery prospects hobbled global markets. [ID:nLA360555]

The Canadian dollar was lower versus the U.S. currency as early gains made after a domestic jobs report beat expectations were handed back as a closer look at details of the report revealed weakness. [ID:nN10501942]

U.S. stock index futures pointed to a lower open on Friday after Chevron Corp warned about its second-quarter earnings, raising the specter of a weaker-than-expected second-half economic recovery and anemic corporate profits.[ID:nN10498725]

On Thursday the S&P/TSX composite index .GSPTSE finished up 120.47 points, or 1.25 percent, at 9,773.92.

Here is some news that could affect the market:

CANADA JOB LOSSES

Fewer Canadians lost their jobs in June than expected as hiring in services industries partially offset factory layoffs, but the unemployment rate rose to a new 11-year high as more people looked for work. [ID:nN10253705]

OIL FALLS   Continued...