CANADA STOCKS- TSX To open slightly lower ahead of GDP

Thu Dec 23, 2010 8:21am EST
 
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Dec 23 (Reuters) - Toronto's main stock index could open slightly lower despite rising commodity prices. Monthly Canadian GDP figures are due at 830 a.m. (1230 GMT).

FACTORS TO WATCH

* Canadian equity futures <0#SXF:> pointed to a lower open.

* U.S. stock index futures pointed to a flat opening, a day after S&P 500 rose to its highest level since the collapse of Lehman Brothers. [.N]

* European shares were little changed after hitting a 27-month high for a fourth day, with stronger drugmakers on a jump in Novo Nordisk shares offsetting miners that tracked weaker metals. [.EU]

* Asian stocks were mostly down.

COMMODITY PRICE MOVES

* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, fell 0.26 percent in early trade.

* Oil prices held above $90 a barrel, close to their highest in two years after cold weather boosted demand and U.S. stockpiles shrank. [O/R]   Continued...