CANADA STOCKS-TSX could edge higher as oil, metals climb

Mon Dec 21, 2009 8:48am EST
 
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 TORONTO, Dec 21 (Reuters) - Toronto's main stock index
could open slightly higher on Monday as oil and metals prices
climbed, lifting shares of the index's key energy and mining
sectors.
 The S&P/TSX composite index .GSPTSE could follow global
equities higher, led by bank shares, while the euro sagged
against the greenback on concerns over Greece's fiscal health
and expectations the U.S. economy may recovery faster than the
euro zone. U.S. stock index futures also pointed to a slightly
higher open. [MKTS/GLOB] [.N]
 Here is some news that could affect the market:
 AGRIUM INC AGU.TO
 Canadian fertilizer producer Agrium Inc extended its offer
on Monday for CF Industries and said it was sure it had the
money needed to complete the purchase. [ID:nWNBB3250]
 VERENEX ENERGY INC VNX.TO
 Verenex Energy and Libyan Investment Authority agreed on a
working capital amount of $0.1976 per share. [ID:nWNBB3274]
 IAMGOLD IMG.TO
 IAMGOLD posted on Monday an updated preliminary assessment
study on its Westwood project and expects capital expenditures
of $102 million in 2010. [ID:nWNBB3262]
 CANADA REGULATORS TO REVIEW ABCP SETTLEMENTS
 Canadian regulators will hold hearings on Monday regarding
settlements being negotiated with five banks or brokerages that
sold asset-backed commercial paper before the market in Canada
froze because of the U.S. subprime credit crisis.
[ID:nN18228055]
 OIL PRICES FIRM
 Oil prices held firm above $73 a barrel on Monday after a 1
percent rise in the previous session as Iranian troops partly
withdrew from a disputed oil area in Iraq, easing tensions
between two major crude exporters. [O/R]
 GOLD UP
 Gold prices edged up on Monday after recent multiweek lows,
but gains were capped because of the strength in the U.S.
dollar, which hovered near three-month highs. [GOL/]
 BAY STREET: CANADIAN AUTO PARTS MAKERS POISED FOR GREEN
GAINS
 A push by U.S. automakers to build more fuel efficient
vehicles is playing to a strength of Canada's auto parts makers
and positions them to pick up market share as the industry
emerges from recession. [ID:nN18239828]
 ENERPLUS RESOURCES FUND ERF_u.TO
 Enerplus Resources Fund, which pioneered the Canadian
energy trust model more than two decades ago, is poised to
accelerate its push for growth as its switch to a tax-paying
corporation looms, the trust's chief executive said on Friday.
[ID:nN18234794]
 CANADA'S RESEARCH ROUNDUP
 *Goldman Sachs adds Potash Corp POT.N to conviction buy
list. [ID:nSGE5BK0D]
 Canaccord Adams raises Enbridge Inc ENB.TO price target
to C$50 from C$48; rating hold.
 For more research, please see: [CA-RCH]
 ($1=$1.06 Canadian)
 (Reporting by Irene Kuan; Editing by Padraic Cassidy)