CANADA STOCKS-TSX set to open higher as commodities rise

Thu Sep 16, 2010 8:49am EDT
 
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TORONTO, Sept 16 (Reuters) - Toronto's resource-heavy index looked set to open higher on Thursday, boosted by firmer commodity prices and data showing U.S. claims for unemployment benefits unexpectedly fell last week.

FACTORS TO WATCH

* Canadian equity futures <0#SXF:> were little changed.

* U.S. stock index futures trimmed losses after initial jobless claims data unexpectedly fell last week. [.N]

* European shares fell on Thursday, as weak British retail sales data added to investors' worries about the economy following disappointing U.S. numbers in the previous session. [.EU]

COMMODITY PRICE MOVES

* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, rose 0.15 percent in early trade.

* Gold hit a record high on Thursday as the softer dollar and uncertainty about economic and financial stability persuaded investors to seek a safe place to park their assets. [GOL/]

* Copper held firm above $7,600 a tonne on Thursday, supported by a softer dollar but traders said it lacked the strength to press higher in the absence of fresh impetus and lackluster physical demand. [MET/L]   Continued...