RPT-CANADA STOCKS-TSX may open lower on resources, data eyed
(Repeats to fix typo in headline)
TORONTO Feb 18 (Reuters) - Canada's main stock market index could open lower on Thursday, threatening its six-session winning streak, as weak oil and flat gold prices weigh on the resource-heavy index.
Investors will also take time to digest a raft of corporate results from resource companies such as Barrick Gold (ABX.TO: Quote) and Nexen Inc NXY.TO, as well as key economic data from both sides of the border.
Toronto's main stock market index finished higher for a sixth straight session on Wednesday as rosy U.S. economic data and retreating worries about European debt lifted bank shares.[ID:nN17127380]
Here is some of the news that may affect the market.
Higher gasoline prices pushed Canada's annual inflation rate to just below the central bank's 2 percent target in January, but that is not expected to trigger interest rate hikes before the second half of this year.[ID:nN18179821]
Meanwhile, the U.S. Labor Department will release its weekly report on initial jobless claims at 8:30 a.m. (1330 GMT) with economists expecting 430,000 new claims compared with last week's reading of 440,000. The January Producer Price Index will also be released, with consensus forecasts calling for a rise of 0.8 percent following a 0.4 percent rise in December.
BARRICK GOLD Continued...