CANADA STOCKS - Factors to watch on Sept 23

Tue Sep 23, 2008 8:47am EDT
 
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TORONTO, Sept 23 (Reuters) - Canada's S&P/TSX composite index .GSPTSE could face pressure on Tuesday as oil and gold prices slump, and anxiety over a U.S. bailout plan carries over into a second day of trading.

Even so, investors may look for good value among shares after a 2 percent tumble in the previous session.

Here is some of the news that could affect the factor. Reuters has not verified the accuracy of press reports.

US FED BOSS

U.S. Federal Reserve Chairman Ben Bernanke will tell Congress that financial markets are under "extraordinary stress" and urged immediate action to buy up hundreds of billions worth of tainted mortgage assets. [ID:nN23361994]

BIG BAILOUT

Markets remain on tenterhooks over the shape of Wall Street's $700 billion rescue plan aimed at mopping up tainted mortgage-related debt. [ID:nN22402709]

TORONTO-DOMINION (TD.TO: Quote)

Toronto-Dominion Bank is among the companies now weighing a bid for Washington Mutual Inc (WM.N: Quote), the Wall Street Journal said, citing people familiar with the situation. [ID:nSP313544]   Continued...