CANADA STOCKS-TSX may open lower as commodity prices take a hit

Thu Jun 24, 2010 8:55am EDT
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June 24 (Reuters) - Toronto's resource-heavy index looked set to open lower on Thursday as renewed doubts about the sustainability of a global recovery dented commodity prices.

With no economic data set for release, investors will also be closely watching for the quarterly results of Research in Motion RIM.TO, expected after the close of trading on Thursday.

RIM investors want to know one thing above all when the BlackBerry maker reports quarterly results: when will RIM's long-promised iPhone killer finally hit the market? [ID:nN22121298]

Wall Street could also open lower ahead of data on weekly jobs and durable goods. [.N]

European shares fell for the third straight day, dragged by banks and miners, shrugging off hopes that the new Australian Prime Minister Julia Gillard could compromise on a controversial mining tax.

Major Asian markets were down, however Nikkei ended slightly higher.

Here is some news that could affect stock prices:


Oil prices fell for a third day to around $76 a barrel on Thursday after a jump in U.S. crude oil inventories outweighed the Federal Reserve's decision to keep interest rates near zero. [O/R]   Continued...