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