CANADA STOCKS-TSX may open higher on Greece plan, inflation drop

Fri Apr 23, 2010 8:49am EDT
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April 23 (Reuters) - Toronto's main stock index could open higher on Friday after Greece asked the European Union and IMF to activate its 45 billion euro emergency package aimed at pulling the country out of its debt crisis.

European markets recovered after a two-day fall with support from bank shares and positive earnings from Volvo VOLVb.ST and Ericsson ERICb.ST.

U.S stock futures rose, pointing to a higher start on Wall Street. [.N]

Canada's annual core inflation rate dropped in March to 1.7 percent from 2.1 percent, in part because prices for travel and accommodation dipped after the Winter Olympics, reducing the odds of aggressive near-term rate hikes by the Bank of Canada.

Investors are expected to keep a close eye on world finance leaders gathering in Washington, who are likely to discuss regulation and the idea of introducing a bank tax levy.

Here is some news that could affect stock prices:


Oil dipped towards $83.50 a barrel as Greece's request for financial aid failed to soothe nerves over the outlook for the beleaguered eurozone member, dampening risk appetite across markets. [O/R]

GOLD HOLDS   Continued...