CANADA STOCKS-TSX may edge higher on resources; Fed eyed

Tue Mar 16, 2010 8:24am EDT
 
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 TORONTO, March 16 (Reuters) - Toronto's main stock index
could open higher on Tuesday as firmness in oil and metals
prices boosts the index's heavily-weighted commodity issues.
 The Toronto Stock Exchange's S&P/TSX composite index
.GSPTSE may also mirror moves in global exchanges, where
world stocks .MIWD00000PUS climbed ahead of the U.S. Federal
Reserve's rate decision. [MKTS/GLOB] [ID:nN15205768]
 Here is some news that could influence stock prices:
 WESTJET AIRLINES LTD WJA.TO
 WestJet Airlines, Canada's second-largest carrier, on
Monday said President and Chief Executive Sean Durfy will
resign from the company and its board of directors on April 1,
citing personal reasons. [ID:nN15222496]
 MDS Inc MDS.TO
 MDS Inc on Tuesday posted a first-quarter loss from
continuing operations, citing falling revenue and restructuring
charges. [ID:nN16240799]
 FED RATE DECISION
 The U.S. Federal Reserve is expected to hold interest rates
near zero at a meeting on Tuesday and renew its pledge to keep
borrowing costs very low for a long time. But it could note a
brightening economic picture and hint at being closer to
dropping the vow. [ID:nN15205768]
 FIRST QUANTUM MINERALS LTD (FM.TO: Quote)
 First Quantum Minerals posted better-than-expected
quarterly results, helped by higher copper prices and lower
production costs, and said it sees increased production of
copper and gold in 2010. [ID:nSGE62F0BO]
 ALAMOS GOLD INC AGI.TO
 Alamos Gold reported quarterly results that narrowly beat
analysts' estimates, as the Canadian miner was helped by higher
production and lower costs at its key Mexican mine.
[ID:nSGE62F0BY]
 OIL STEADY
 Oil held steady above $80 a barrel in a cautious market
ahead of an OPEC meeting and expected monetary policy moves
from the world's top two oil consumers, the United States and
China. [O/R]
 GOLD RISES
 Gold rose towards $1,115 an ounce in Europe on Tuesday, as
persistent concern over sovereign and currency risk fueled
buying of the metal as a safe haven, but trading was muted
ahead of the Federal Reserve policy meeting. [GOL/]
 CANADA RESEARCH
 Goldman Sachs raises Domtar Corp UFS.N to "buy" from
"neutral," adds to Americas "Conviction Buy" list.
[ID:nWNAB9914]
 RBC raises Transcontinental TCLa.TO price target to C$17
from C$16; rating "outperform."
 Versant raises Boralex Inc BLX.TO raises target price to
C$14.25 from C$14; rating "buy."
 For research, please see: [CA-RCH]
 ($1=$1.02 Canadian)
 (Reporting by Jennifer Kwan; Editing by Padraic Cassidy)