CANADA STOCKS-TSX may open higher on resources, results eyed

Wed Feb 17, 2010 8:09am EST
 
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TORONTO Feb 17 (Reuters) - Toronto's main stock market index could open higher on Wednesday on firm resource prices, while investors await minutes from the U.S. Federal Reserve's January policy meeting.

Investors also await corporate results from a number of Canadian companies including gold miner Agnico-Eagle Mines (AEM.TO: Quote).

Toronto's main stock market index rose to its highest level in more than three weeks on Tuesday as oil and gold prices soared, leading resource issues higher, and as risk appetite returned to the market. [ID:nN16157950]

Here is some of the news that may affect the market.

OIL HIGHER

Oil rose towards $78 a barrel on Wednesday, supported by a weaker dollar and gains in stock markets on renewed investor risk appetite as concerns about a euro zone debt crisis subsided.[ID:nSGE61G08L]

GOLD FIRM

Gold prices rose above $1,120 an ounce to the highest in two weeks as the euro extended the previous session's gains versus the dollar, prompting fresh investment flows into the precious metal.[ID:nLDE61G0WB]

ROGERS COMMUNICATIONS   Continued...