CANADA STOCKS-TSX seen opening higher on firmer commodities

Tue Apr 20, 2010 8:54am EDT
 
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April 20 (Reuters) - Toronto's main stock exchange looked set to open higher on Tuesday as commodity prices rose on a weaker U.S. dollar and firm U.S. company results boosted sentiment.

Investors were also watching the Bank of Canada's interest rate announcement. All 12 of Canada's primary dealers surveyed last week expected the central bank to hold rates steady in its announcement at 9 a.m. (1300 GMT). [CA/POLL]

Wall Street is also poised for a higher start after better-than-expected results from Coco-Cola KO.N and Goldman Sachs GS.N bolstered investors' sentiment. [.N]

Federal Reserve Chairman Ben Bernanke and Treasury Secretary Timothy Geithner will testify on Lehman Brothers collapse before the House Financial Service Committee.

European shares rose after German sentiment data rebounded strongly in April, boosting expectations the economy will pick up in the second quarter. Most Asian equities were back to positive, while Nikkei and China's key stock index closed down.

Below is some news that could affect stock prices:

OIL UP ON RISK APPETITE

Oil rose past $82 a barrel as risk appetite improved ahead of Goldman Sachs GS.N results and some European flights resumed after a threat from spewing volcanic ash in Iceland receded. [O/R]

GOLD UP ON EURO, COMMODS   Continued...