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: Quote)
 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: Quote)
 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: Quote) to "buy" from
"neutral," adds to Americas "Conviction Buy" list.
[ID:nWNAB9914]
 RBC raises Transcontinental (TCLa.TO: Quote) price target to C$17
from C$16; rating "outperform."
 Versant raises Boralex Inc (BLX.TO: Quote) 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)