CANADA STOCKS-TSX may open higher on resources, results eyed

Thu Feb 11, 2010 8:34am EST
 
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TORONTO Feb 11 (Reuters) - Toronto's main stock market index may open higher on Thursday on firm commodity prices and optimism over a financial rescue for Greece, but disappointing Canadian corporate results could curb enthusiasm.

Investors will also take time to digest a slew of corporate results from the country's top insurers and retailers including Shoppers Drug Mart SC.TO and Manulife Financial (MFC.TO: Quote) for direction.

Toronto's main stock market index edged higher on Wednesday as financials were helped by hopes that a resolution to Greece's debt woes was near, but resource stocks were pressured by volatile commodity prices.[ID:nN10190336]

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

AID TO GREECE

European leaders have reached a deal to provide aid to Greece, EU president Herman Van Rompuy said on Thursday, in an unprecedented move to stave off a broader crisis in the 16-nation bloc that shares the euro.[ID:nLDE61A0W2]

SUN LIFE FINANCIAL

Sun Life Financial (SLF.TO: Quote) said on Thursday quarterly profit more than doubled, aided by stock market gains and improved sales, but the results came in below market expectations.[ID:SGE61A0HB]

ENCANA CORP   Continued...