CANADA STOCKS-TSX could falter on weak resources
TORONTO, June 18 (Reuters) - Toronto's main stock index could open lower on Thursday morning, extending losses logged in the previous session, as sagging oil and metals prices put downward pressure on the resource-heavy market.
World stocks fell on Thursday after investors turned nervous in pushing risky assets on doubt about an economic recovery [MKTS/GLOB]. U.S. stock index futures pointed to a flat open. [ID:nN18377649]
On Wednesday, the S&P/TSX composite index .GSPTSE ended down 241.29 points, or 2.34 percent, at 10.066.11.
Here is some news that could affect the market:
IAMGOLD CORP IMG.TO
IAMGOLD Corp IMG.TO announced on Thursday increased production guidance for 2009. The company said full-year gold production for 2009 is expected to be 910,000 to 920,000 ounces. [ID:nWNAB0941]
TECK RESOURCES LTD TCKb.TO
Teck Resources Ltd TCKb.TO plans to sell a one-third stake in its Waneta Dam in British Columbia to BC Hydro for C$825 million, the companies said on Wednesday. [ID:nN17365292]
AIR CANADA ACa.TO Continued...