December 18, 2008 / 2:02 PM / in 9 years

CANADA STOCKS-TSX expected to reopen after stall

TORONTO, Dec 18 (Reuters) - All eyes will be on Toronto’s main stock index, the S&P/TSX composite index .GSPTSE, when it is expected to open on Thursday for normal trading after the broader exchange and its small-cap counterpart were halted in the previous session due to a technical glitch.

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

TMX GROUP (X.TO)

Shares of TMX Group Inc could see action after the exchange operator shuttered the Toronto Stock Exchange and TSX Venture Exchange on Wednesday due to technical glitches with its data feeds. [ID:nN18376387]

BCE (BCE.TO)

Telecom giant BCE Inc has sued its would-be buyers in a failed C$34.8 billion takeover agreement over the collapsed deal’s C$1.2 billion break-up fee. [ID:nN17349465]

CANADA ECONOMY

The Canadian government predicted for the first time on Wednesday that the nation’s economy would contract and Ottawa would run a budget deficit next year -- its first in more than a decade. [ID:N17321668]

RETAIL SALES

Lower prices for gas, cars and other items led to a 0.9 percent cut in the nominal value of Canada’s retail sales in October, erasing September’s gain, Statistics Canada said on Thursday. In volume terms, sales held up well, rising by 0.1 percent. [ID:nN17353200]

OIL FLAT

Oil hovered around $40 a barrel on doubts in the Organization of Petroleum Exporting Countries ability to curb output quickly after the group announced record production cuts. [ID:nSP295792]

GOLD, BASE METALS

Gold XAU= climbed in Europe as the U.S. dollar weakened, but remained rangebound, with analysts expecting the metal to consolidate after recent sharp gains [ID:nLI603550], while some base metals were lower. [ID:nLI620009]

PENN WEST PWT_u.TO

Penn West Energy Trust, Canada’s biggest conventional oil and gas income trust, says it plans big cuts to capital spending in the first-half of 2009. [ID:nN17355468]

US STOCKS

U.S. stock index futures pointed to a higher open as investors digest fresh corporate results and economic data. [ID:nN18473808] Also see: [MKTS/GLOB]

CANADIAN RESEARCH

Raymond James cuts its price target for Finning International Inc (FTT.TO) to C$18.50 from C$20.25, while Genuity cuts Manitoba Telecom Services MBT.TO to C$36 from C$40. [ID:nBNG348006] For more research, see: [CA-RCH] ($1=$1.19 Canadian) (Reporting by Jennifer Kwan, Editing by Chizu Nomiyama)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below