CANADA STOCKS-TSX may rise on U.S. economic outlook hope

Mon Mar 16, 2009 8:26am EDT
 
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TORONTO, March 16 (Reuters) - The Toronto Stock Exchange's main index could climb at the open on Monday, tracking world stocks higher, on hope that the U.S. economic downturn may be bottoming, but weakness in oil and gold prices could weigh.

World stocks climbed on Monday for their fifth straight session in a row, while U.S. stock index futures pointed to a higher open. [ID:nLG353001] [ID:nLG396747].

On Friday, the S&P/TSX composite index .GSPTSE was up 21.12 points, or 0.26 percent, at 8,303.39, ending a volatile session with a slight gain as shares of gold-miners rallied around higher bullion while financials continued to take comfort on news that the U.S. banking sector is finding stability.

Here is news that could affect the market:

ROGERS COMMUNICATIONS (RCIb.TO: Quote)

Rogers Communications Inc (RCIb.TO: Quote), which owns Canada's biggest wireless carrier, has decided to name Nadir Mohamed chief executive officer, the Globe and Mail reported. The decision, which has been finalized internally, could possibly be made public in a week or two, the paper said, citing a source close to the situation. [ID:nBNG426363]

AGRIUM INC (AGU.TO: Quote)

Agrium Inc (AGU.TO: Quote) commences exchange offer to acquire CF Industries (CF.N: Quote). The company says offer, withdrawal rights will expire on May 19, unless extended. [ID:nWNAB4247]

ENBRIDGE INC   Continued...