CANADA STOCKS-TSX could open higher as commodities steady

Wed Dec 23, 2009 8:40am EST
 
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 TORONTO, Dec 23 (Reuters) - Toronto's main stock index
could open higher on Wednesday as firmer commodity prices boost
shares of energy and mining companies on the resource-laden
index.
 The S&P/TSX composite index .GSPTSE could also follow
global equities, which rose for a third straight day after
upbeat U.S. housing market data fanned expectations for a solid
recovery in the U.S. economy. U.S. stock index futures also
pointed towards a higher open. [MKTS/GLOB] [.N]
 Here is some news that could affect the market:
 RIM RIM.TO
 North and South American users of Research in Motion Ltd's
BlackBerry smartphone suffered widespread delays in message
services on Tuesday, just a week after another outage struck
the popular corporate network. [ID:nN22135346]
 FNX MINING FNX.TO
 Canadian nickel and copper miner FNX Mining said it expects
a 31 percent increase in 2010 ore production and said majority
of the production is expected from copper-precious metal
dominant deposits. [ID:nSGE5BM0IP]
 GOLDCORP (G.TO: Quote)
 Goldcorp Inc. said on Wednesday the company has the right
to match competing proposal to acquire Canplats Resources and
said learned Minera Penmont has made offer to buy Canplats
CPQ.V for $4.20 per share. [ID:nWNBB4000] [ID:nLDE5BM0DQ]
 NORTEL NRTLQ.PK
 Nortel Networks Corp said on Wednesday it has filed a
motion to sell certain assets of Carrier VOIP, application
solutions business. [ID:nWNBB3982]
 BOMBARDIER (BBDb.TO: Quote)
 Bombardier Inc. said on Wednesday it has received an order
from Transitio in Sweden for the delivery of 11 three-car
contessa trains and said the order is valued at about $137
million. [ID:nWNBB3981]
 SNC-LAVALIN (SNC.TO: Quote)
 SNC-Lavalin Group Inc said on Tuesday it had bought an
engineering business in Brazil, an acquisition one analyst
expects will be followed by others as Canada's biggest
engineering company dips into its sizable cash pile.
[ID:nN22122713]
 OIL RISES
 Oil traded above $74 on Wednesday, buoyed by a sharp
drawdown in U.S. crude stocks and an unexpected fall in
gasoline inventories, but held in check by a firmer dollar.
[O/R]
 GOLD STEADY
 Gold prices steadied in Europe on Wednesday as the metal's
slide to a seven-week low in the previous session prompted
buying of physical stocks of the precious metal. [GOL/]
 CANADA'S RESEARCH ROUNDUP
 * Raymond James raises Canfor Pulp CFX_u.TO price target
to C$8.50 from C$7; rating market perform.
 * Canaccord Adams raises Mainstreet Equity Corp MEQ.TO
target price to C$13; keeps buy rating.
 For more research, please see: [CA-RCH]
 ($1=$1.05 Canadian)
 (Reporting by Irene Kuan; Editing by Chizu Nomiyama)