CANADA STOCKS-TSX could get boost from oil price, RIM

Fri Dec 18, 2009 8:51am EST
 
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 TORONTO, Dec 18 (Reuters) - Toronto's main stock index
could rise at the open on Friday as oil rose above $74 a
barrel, boosting shares of the index's weighty oil and gas
companies.
 The S&P/TSX composite index .GSPTSE could also get a
boost after Research In Motion RIM.TO RIMM.O posted a big
jump in profit in the previous session.
 Here is some news that might affect the market:
 RESEARCH IN MOTION RIM.TO
 Research In Motion RIMM.O posted a big jump in profit and
issued an even stronger outlook on Thursday, as sturdy demand
from holiday shoppers helped the BlackBerry maker fend off the
competition. [ID:nN17171897]
 AETERNA ZENTARIS (AEZ.TO: Quote)
 Canadian drugmaker Aeterna Zentaris (AEZ.TO: Quote) said on Friday
that it would end a development deal with Sanofi-Aventis
SNY.N (SASY.PA: Quote) for an enlarged-prostate drug following
disappointing late-stage results for the treatment.
[ID:nN18216584]
 ENBRIDGE INC ENF_u.TO
 Enbridge Inc is unlikely to expand its pipeline access to
the Gulf of Mexico, and will concentrate on moving more
Canadian oil to other U.S. markets and expanding its natural
gas lines, the company's chief executive said on Thursday.
[ID:nN17192756]
 PATHEON INC PTI.TO
 Canadian drugmaker Patheon Inc reported a quarterly profit
that topped estimates as a strong performance from its European
divisions offset a weak showing from its North American units.
[ID:nN18215026]
 TOROMONT INDUSTRIES LTD (TIH.TO: Quote)
 Toromont Industries Ltd raised its offer for Enerflex
Systems Income Fund EFX_u.TO by about 5.6 percent, winning
support for the deal from the equipment supplier for the oil
and gas industry. [ID:nSGE5BH0B4]
 OIL RISES
 Oil rose above $74 a barrel on Friday after an Iraqi
official said Iranian troops briefly entered an Iraqi oilfield
on Thursday [ID:nLDE5BH167], and on the prospect of increased
winter demand. [O/R]
 GOLD UP
 Gold rose 1 percent in Europe on Friday, recouping some of
the previous session's hefty 3.5 percent losses, as the dollar
ceded some ground after hitting a 3-1/2 month high against the
euro in the previous session. [GOL/]
 RESEARCH ROUNDUP
 * Canaccord raises Research In Motion RIMM.O price target
to $95 from $90; rating Buy
 * UBS cuts Fortis Inc (FTS.TO: Quote) to neutral from buy.
 * RBC raises Transat AT Inc TRZb.TO price target to C$23
from C$20; rating Outperform
 For more research please see [RCH/CA]
 ($1=$1.07 Canadian)
 (Reporting by Jennifer Kwan; Editing by Chizu Nomiyama)