CANADA STOCKS-TSX may tick higher at open after big sell-off

Tue Jun 23, 2009 7:56am EDT
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TORONTO, June 23 (Reuters) - Toronto's main stock index could open flat to higher on Tuesday following a 4 percent slide in the previous session, as commodity prices stabilize and help to support the resource-heavy market.

World stocks and oil slipped on Tuesday as concerns about the prospect for an economic recovery pushed key equity indexes into negative territory for the year. [MKTS/GLOB]

However, U.S. stock index futures pointed to a higher open as Moody's Investor Service said the U.S. government was not in danger of losing its top rating. For more see [ID:nN23537953].

On Monday, the S&P/TSX composite index .GSPTSE finished down 453.77 points, or 4.41 percent, to 9,834.18.

Here is some news that could affect the market:


Insolvent commercial printer Quebecor World Inc said its creditors have approved its U.S. and Canadian plans of reorganization. [ID:nLN597652] [ID:nWNBB0210]


Thomson Reuters TRIL.L (TRI.N: Quote) plans to withdraw its shares from the London Stock Exchange, severing a key connection with Reuters' British roots. [ID:nN22523423]   Continued...