CANADA STOCKS-TSX may open lower on Chinese inflation data

Thu Mar 11, 2010 8:11am EST
 
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TORONTO, March 11 (Reuters) - Canada's main stock market may open lower on Thursday as a jump in Chinese consumer inflation weighed on resource-related shares, as the data could lead to tighter monetary policy and slower growth sooner than expected. For detail see [ID:nLDE62A024]

Investors will also digest data from both sides of the border, including weekly U.S. jobless claims and Canada's trade surplus.

Toronto's main stock index pushed higher in choppy trade on Wednesday after two days of losses, as oil prices firmed and trade data from China helped lift some mining issues.[ID:nN10159090]

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

BANK OF NOVA SCOTIA

Thanachart Bank, 49 percent owned by Canada's Bank of Nova Scotia BNS.TO, has agreed to pay $1 billion for a 47.6 percent stake in Siam City Bank SCIB.BK in Thailand's biggest acquisition in four years. [ID:nSGE62A087]

XCEED MORTGAGE CORP

Insured mortgages provider Xceed Mortgage Corp XMC.TO swung to a first-quarter loss, hurt by negative fair-value adjustments related to its discontinued business line of uninsured mortgages. [ID:nSGE62A0EZ]

GOLD   Continued...