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 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.


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 SLF.TO 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...