CANADA STOCKS-TSX may open higher on data, Potash Corp

Fri Mar 12, 2010 8:06am EST
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TORONTO, March 12 (Reuters) - The Toronto Stock Exchange's S&P/TSX composite index .GSPTSE may open higher on Friday as better-than-expected jobs data and a rosy outlook from Potash Corp POT.TO boosts Canada's biggest index.

Canada's unemployment rate fell to 8.2 percent in February from 8.3 percent in January as 20,900 more people found work in the month, with all the gains coming from full-time jobs, Statistics Canada said. [ID:nN12253705]

Toronto's main stock index eked out a small gain on Thursday, reaching its highest close in 17 months and finishing higher for a second straight session, thanks to strength in financials and gold miners.[ID:nN11257298]

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


The world's largest fertilizer maker Potash Corp of Saskatchewan POT.TO sharply raised its first-quarter forecast on Thursday, citing a big rebound in demand for potash -- a key crop nutrient.[ID:nN11254666]


The government of Alberta said on Thursday it will cut oil and gas royalties in an about-face after nearly three years of bitter complaints from the energy sector and sinking political fortunes for the ruling party.[ID:nN11252042]

AGRIUM INC   Continued...