CANADA STOCKS-Toronto index may open lower; oil, G20 in focus

Fri Nov 14, 2008 8:32am EST
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

TORONTO Nov 14 (Reuters) - The Toronto Stock Exchange's main index is poised to ease at the open on Friday as the price of oil slipped and ahead of the start of global discussions on the economic crisis.

World leaders are gathering in Washington to talk about ways to prevent future financial crises. [ID:nG7G8]

Investors may also take a breather after Thursday's 5 percent gain. The index seesawed through a massive 780-point range from trough to peak as the heavily-weighted resources issues rose with commodity prices and on hopes the market is close to finding a bottom.

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


A round of top-level talks in Washington begins on Friday. Canada is participating at the gathering and the government plans to call for a balanced approach to solving the financial crisis. [ID:nN13392243] It also does not see a clash over the free market system. [ID:nTOR003851]


Canwest Global Communications CGS.TO, Canada's biggest media company, posted a steep fourth-quarter loss, which included a C$1 billion noncash writedown. [ID:nN14417750]

OIL FALLS   Continued...