CANADA STOCKS-TSX seen up on China, gold

Fri Sep 11, 2009 8:25am EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

TORONTO, Sept 11 (Reuters) - Toronto's main stock index is likely to open higher on Friday as higher gold boosts mining and raw material firms and shares follow world markets higher on economic recovery hopes.

A weakening dollar and robust Chinese economic data sharpened investor appetite for risk on Friday, sending world stocks to fresh 11-month highs.

U.S. stock index futures pointed to a firmer open. [MKTS/GLOB] [.N]

On Thursday, the S&P/TSX composite index .GSPTSE ended the session with a gain of 154.83 points, or 1.41 percent, at 11,155.00, as a rally in commodity prices boosted the resource-heavy index while the Bank of Canada's confidence in the economy added support.

Here is some news that could affect the market:


Workers at Opel, German politicians and customers of Canada's Magna International expressed concern on Friday about whether General Motors' [GM.UL] decision to sell a majority of Opel to Magna and Russia's Sberbank SBER03.MM will turn out to be a favourable deal. [ID:nLB518046]


EnCana Corp, Canada's second-largest energy company, put a plan to split into two back on track Thursday, less than a year after shelving it, saying it believed financial and commodity markets had recovered to where the move looked attractive again. [ID:nN10405416]   Continued...