CANADA STOCKS-Oil, gold may weigh on TSX; equities mixed

Fri Mar 20, 2009 8:32am EDT
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TORONTO, March 20 (Reuters) - Toronto's main stock index could open lower on Friday, pressured by weakness in the price of oil and gold and as investors book profits after eight sessions of gains.

World stock markets .MIWDOOOOOPUS dropped in part on concern about the inflationary effects of a U.S. Federal Reserve plan announced this week to buy government debt [MKTS/GLOB]. However, U.S. stock index futures pointed to a slightly higher open. [ID:nLK321495]

On Thursday, the S&P/TSX composite index .GSPTSE rose 61.39 points, or 0.71 percent, to 8,690.49, as the Fed's plan to fight the recession boosted commodity prices and buoyed the resource-heavy index.

Here is some news that could affect the market:


AbitibiBowater Inc ABH.Ncould be in focus on Friday after a newspaper report this week said secured creditors on not yet signed off on the newsprint producer's debt restructuring plan. [ID:nN19445780]


Kinross Gold made a surprise move into the diamond industry on Thursday, saying it will pay $150 million for a stake in diamond miner and retailer Harry Winston Diamond HW.TO and an additional share of its minority-owned Diavik diamond mine in Canada's Arctic. [ID:nN19450415]