CORRECTED - CANADA STOCKS-TSX may open lower after 4-day rally

Fri Jul 17, 2009 8:54am EDT
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(Corrects date, earnings details in third paragraph)

TORONTO, July 17 (Reuters) - Toronto's main stock index could open lower on Friday, as falling oil prices weigh on the resource-heavy market and some investors look to pocket gains from four straight rising sessions this week.

World stocks hit a one-month high on Friday on growing optimism that the earnings season may turn out to be better than expected, while investors set their eyes on giants such as Citigroup C.N for clearer market trend. [ID:nLH437850]

U.S. stock index futures pointed to a lower start on Wall Street on Friday after quarterly results from bellwethers, including Google Inc GOOG.O, Bank of America Corp BAC.N and General Electric Co GE.N.

On Thursday the S&P/TSX composite index .GSPTSE closed up 88.96 points, or 0.87 percent, at 10,304.42.

Here is some news that could affect the market:


Bonavista Energy Trust said on Thursday it is buying natural gas-producing properties from EnCana Corp for C$694 million ($620 million) to boost its output by 22 percent at a time of depressed gas prices. [ID:nN16438105]

POTASH CORP POT.TO   Continued...