CANADA STOCKS-TSX may fall as China tightening fears weigh

Mon Mar 15, 2010 8:07am EDT
 
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TORONTO, March 15 (Reuters) - Toronto's main stock market index could open lower on Monday, pulled down by weakness in oil and base metal prices amid ongoing investor concern about possible monetary tightening in China.

The Toronto Stock Exchange's key S&P/TSX composite index .GSPTSE could follow global markets, which were mostly lower, as a currency spat between China and the United States and worries about sovereign debt combined to keep investors away from riskier assets. [MKTS/GLOB]

A lower open on Monday would follow the index's close above 12,000 on Friday, its highest finish in about 18 months.

Here is some news that could impact stock prices:

ENSIGN ENERGY SERVICES INC (ESI.TO: Quote)

Ensign Energy Services Inc reported quarterly earnings below analysts' estimates, mainly on weaker demand for oilfield services and lower margins. [ID:nSGE62E0O8]

OIL SAGS

Oil fell below $81 a barrel on Monday, pressured by a strengthening dollar ahead economic data from the United States, an OPEC meeting this week and China's looming bank credit rate decision. [O/R]

GOLD, BASE METALS   Continued...