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:


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


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

NEXEN INC NXY.TO   Continued...