CANADA STOCKS-TSX could open higher on Greece deal, gold

Mon Apr 12, 2010 8:46am EDT
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TORONTO, April 12 (Reuters) - Toronto's main stock index could open higher on Monday as a massive deal for debt-stricken Greece boosted investors' appetite for risk and gold rallied, but gains could be capped by slipping oil prices.

Global equities measured by the MSCI All-Country World Index .MIWD00000PUS advanced 0.3 percent to an 18-month high and U.S. stock futures gained ahead of Alcoa Inc (AA.N: Quote) earnings.

Toronto's main stock index finished a volatile week higher on Friday with broad gains backed by a rise in the price of key metals and optimism that Canada's economic recovery is on track.

Here is some news that could affect stock prices:


Markets saluted a euro zone deal on a huge standby rescue package for Greece, slashing the debt-laden country's borrowing costs and buying its stocks and bonds on Monday as fears of a near-term default dissipated. [ID:nLDE63B0NP]


Oil prices slipped below $85 a barrel, consolidating despite a drop in the dollar and bullish data showing a big jump in Chinese crude imports. [O/R]

GOLD RALLIES   Continued...