CANADA STOCKS-TSX may open higher on firm commodity prices

Wed Jul 15, 2009 8:23am EDT
 
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TORONTO, July 15 (Reuters) - Toronto's main stock market index could climb on Wednesday, lifted by higher oil and metal prices and investor optimism after strong earning results from key U.S. firms.

Global stocks rose to their highest level in nearly two weeks on Wednesday as blockbuster results from major firms such as tech bellwether Intel Corp (INTC.O: Quote) underpinned appetite for riskier assets.[ID:nLF556039]

U.S. stock futures rose on Wednesday as Intel's results and upbeat outlook reinforced hopes for an economic recovery and a rebound in technology spending.[ID:nN15322539]

On Tuesday the S&P/TSX composite index .GSPTSE closed up 94.22 points, or 0.95 percent, at 9,986.15.

Here is some news that could affect the market:

CORUS ENTERTAINMENT (CJRb.TO: Quote)

Corus Entertainment reported a quarterly loss on Wednesday, hurt by a charge at its radio division. [ID:nN15323745]

OIL

Oil rose above $60 a barrel on Wednesday, supported by data showing a fall in gasoline stocks and after strong company earnings lifted expectations for economic recovery.[ID:nSP476597]   Continued...