CANADA STOCKS-TSX may rise with commodities, world stocks

Tue Sep 22, 2009 8:27am EDT
 
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TORONTO, Sept 22 (Reuters) - Toronto's main stock market index could open higher on Tuesday as firm commodity prices lift the resource-heavy index and the TSX follows world equities higher.

World stocks and oil climbed on Tuesday ahead of the Federal Reserve's two-day policy meeting, while investors' search for higher returns pushed the dollar down to a one-year low against the euro. [MKTS/GLOB] [FRX/]

On Monday, the S&P/TSX composite index .GSPTSE ended down 21.34 points, or 0.19 percent, at 11,424.61.

Here is some news that could affect the market:

MAGNA INTERNATIONAL MGa.TO

Canadian auto supplier Magna International said it plans to hold talks to appease Volkswagen (VOWG.DE: Quote), which has threatened to pull business from Magna if it goes through with an investment in Opel. [ID:nT248288]

CELESTICA INC (CLS.TO: Quote)

Onex Corp agrees to sell 11 million subordinate voting shares of Celestica Inc (CLS.TO: Quote) through a secondary bought deal offering. [ID:nWNAB1970]

NEXEN INC NXY.TO   Continued...