CANADA STOCKS-TSX may open higher as world stocks rise
TORONTO, March 11 (Reuters) - Toronto's key stock index could climb at the open on Wednesday, after shooting up 4 percent in the previous session, tracking global equities higher and supported by firmness in the price of gold.
World equities rose on Wednesday on bank hopes [ID:nLB647450], while U.S. stock index futures pointed to a higher open, building on the gains made in the previous session when they posted the biggest rise in four months. [ID:nLB716682]
However, the resource-laden Toronto market could be pressured by weakness in the price of oil CLc1 ahead of U.S. fuel stocks data, while base metals were mostly soft.
On Tuesday, the S&P/TSX composite index .GSPTSE closed up 313.47 points, or 4.14 percent, at 7,880.41 after Citigroup (C.N: Quote) said it was profitable during the first two months of 2009, raising hopes about the battered U.S. financial system.
Here is some news that could affect the market:
BOMBARDIER INC (BBDb.TO: Quote)
Lufthansa (LHAG.DE: Quote) said on Wednesday it ordered 30 Bombardier Inc C-series aircraft with deliveries set to start in 2014. [ID:nWEA1666]
TRANSAT AT INC TRZb.TO
Travel company Transat AT Inc reported a bigger quarterly loss and suspended its dividend as margins for North American travel packages shrank. [ID:nWNAB2718] Continued...