CANADA STOCKS-TSX may open lower as commodity prices dip

Tue Oct 12, 2010 8:49am EDT
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Oct 12 (Reuters) - Toronto's resource-heavy main stock index looked set to open lower on Tuesday as a rebound in the U.S. dollar against a basket of currencies helped to send many commodity prices lower.


* Canadian equity futures <0#SXF:> pointed to a lower open.

* U.S. stock index futures pointed to a lower open before Federal Reserve minutes that should give clues on the timing and size of more stimulus. [.N]

* Canadian Finance Minister Jim Flaherty on Tuesday will release a fall fiscal update that will show the government is still on track to balance the budget in the medium term, a government official said. [ID:nN11128512]

* European shares fell, tracking a decline in Tokyo, and with miners lower as the price of copper and other metals slipped, after a strong run. [.EU]

* Asian markets were also lower with indices consolidating after recent gains, while Shanghai bucked the trend to close up 1.2 percent, it's highest in five month.


* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, fell 0.2 percent in early trade.   Continued...