CANADA STOCKS-TSX could open higher on stronger commodities

Fri Dec 11, 2009 8:55am EST
 
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 TORONTO, Dec 11 (Reuters) - Toronto's main stock index
could open higher on Friday as commodity prices strengthened on
a weaker U.S. dollar, which could lift shares of oil and mining
companies on the resource-laden index.
 The S&P/TSX composite index .GSPTSE could follow global
equities, which were higher in part on reassuring economic data
from China and comments by Moody's that U.S. and UK debt
ratings were not at risk. [MKTS/GLOB]
 U.S. stock index futures also indicated a higher open.
[.N]
 Below is some news that may affect the market:
 TELECOM STOCKS
 Canadian telecom stocks such as Rogers Communications Inc
(RCIb.TO: Quote), BCE Inc (BCE.TO: Quote) and Telus Corp (T.TO: Quote) may react to
news the Canadian government will allow wireless start-up
Globalive to operate, overturning an earlier regulatory ruling
that denied the company a license. [ID:nN11254525]
 HUSKY ENERGY (HSE.TO: Quote)
 Husky Energy Inc agreed on Thursday to buy 98 gasoline
stations in Ontario from Suncor Energy Inc (SU.TO: Quote) (SU.TO: Quote) for
an undisclosed price as it looks to broaden the reach of its
retail operations in Canada's biggest market. [ID:nN10187413]
 FORZANI GROUP  (FGL.TO: Quote)
 Forzani Group clocked a 71 percent rise in third-quarter
profit as favorable weather through late September and October
drove customers to the stores of Canada's biggest sporting
goods retailer. [ID:nBNG411939]
 OIL RISES
 Oil rose on Friday as forecasts for higher demand growth
next year and strong Chinese industrial output boosted
sentiment, ending a seven-day losing streak which saw prices
dip below $70 a barrel for the first time in two months. [O/R]
 GOLD RISES
 Gold prices rose above $1,140 per ounce in Europe on
Friday, moving further away from near-four week lows hit
recently, as buyers stepped tentatively into the market with
support from a weaker dollar. [GOL/]
 CN RAIL  (CNR.TO: Quote)
 Canadian National Railway Co and the locomotive engineers'
union said on Thursday they remain in talks with federal
mediators and will negotiate beyond today's self-imposed
deadline if they continue to see hope for a deal.
[ID:nN10173878]
 BOMBARDIER  (BBDb.TO: Quote)
 Republic Airways Holdings RJET.O said it is evaluating
Bombardier Inc's new C-Series regional aircraft as it looks to
fleet replacement at its low-cost Frontier Airlines subsidiary.
[ID:N10209759]
 CANADA RESEARCH ROUNDUP:
 JP Morgan raises Teck Resources (TCKb.TO: Quote) price target to
C$47 from C$36.
 UBS raises Gildan Activewear (GIL.TO: Quote) price target to C$27
from C$25; rating buy.
 (Reporting by Irene Kuan; Editing by Jeffrey Hodgson)