CANADA STOCKS-TSX could falter on weak resources

Thu Jun 18, 2009 8:29am EDT
 
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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: Quote)

IAMGOLD Corp (IMG.TO: Quote) 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: Quote)

Teck Resources Ltd (TCKb.TO: Quote) 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...