CANADA STOCKS-TSX may open lower on resources, data eyed

Tue Feb 23, 2010 7:29am EST
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

TORONTO Feb 23 (Reuters) - Canada's main stock market index could open lower on Tuesday as weak gold and energy prices weigh on the commodity-laden bourse.

But reports of a $1 billion initial public offering by a subsidiary of Canada's Barrick Gold Corp ABX.TO could temper the losses.

Investors will also take time to digest key U.S. data, including consumer confidence that is expected to show consumers are a little less upbeat.

Toronto's main stock index closed lower on Monday, snapping an eight-day stretch of gains, dragged down by weakness in resources and financials. [ID:nN22215194]

Here is some of the news that may affect the market.


African Barrick Gold (ABG), a spin-off of Barrick Gold, has launched a London listing to raise about $1 billion that values its assets at about $4 billion, people familiar with the matter said on Tuesday. [ID:nLDE61M0ZX]


Oil broke a five-day rally on Tuesday, although prices were supported near $80 a barrel by ongoing strikes by French oil workers, which could close more than half of the country's refining capacity.[ID:nSGE61M06K]   Continued...