CANADA STOCKS-TSX may open higher on upbeat U.S. earnings

Tue Oct 20, 2009 8:06am EDT
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 TORONTO, Oct 20 (Reuters) - Toronto's main stock index
could follow its U.S. counterpart to a higher open on Tuesday
as strong quarterly results from a pair of bellwethers offered
further signs of an economic rebound.
 Strong quarterly results from bellwethers Apple AAPL.O
and Texas Instruments TXN.N after the close on Monday pleased
investors and helped boost U.S. futures. [ID:nLK361057]
 A Bank of Canada rate announcement due ahead of the open
could also influence investor sentiment.
 The Bank of Canada is expected keep interest rates steady
at record lows and tinker with its economic forecasts as it
waits for firmer evidence of the recovery when it makes the
announcement at 9 a.m. (1300 GMT). [ID:nN16310648]
 The S&P/TSX composite index .GSPTSE closed with a gain of
33.63 points, or 0.29 percent, at 11,538.39 on Monday.
 Here is some news that could affect the market:
 Barrick Gold Corp, the world's top gold miner, said on
Monday it will cut about 80 jobs as part of a cost-saving
organizational review, and take a $30 million one-time charge
to earnings. [ID:nN19397963]
 Business communications company Aastra Technologies Ltd
posted a jump in quarterly profit on Monday as it slashed
expenses and research and development spending to help it cope
with slumping sales. [ID:nN19396583]
 Oil edged lower on Tuesday, ebbing from an over $80 a
barrel a peak hit earlier on a weaker dollar, as a cautious
reassessment of supply and demand tempered the rally. [O/R]
 Gold rose towards $1,065 an ounce in Europe on Tuesday as
persistent weakness in the dollar fueled buying of the precious
metals as an alternative asset. [GOL/]
 Following is a summary of research actions on Canadian
companies reported by Reuters. For more, please double click
 * Raymond James cuts Canadian Apartment REIT CAR_u.TO to
"market perform" rating from "outperform" and raises target
price 2.8 percent to C$14.40.
 * Raymond James starts coverage of Great Canadian Gaming
GC.TO with "outperform" rating and C$11 target price.
 ($1=$1.03 Canadian)
 (Reporting by Frank Pingue, Editing by Chizu Nomiyama)