CANADA STOCKS-TSX may fall as resources, global stocks dip

Wed Mar 24, 2010 8:51am EDT
 
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TORONTO, March 24 (Reuters) - Toronto's main stock index could fall on Wednesday under pressure from commodity prices, weakened in part on a strong U.S. dollar, and diminished investor confidence as sovereign debt concerns mount.

The Toronto Stock Exchange's S&P/TSX composite index .GSPTSE could follow the softer tone in global equities, with European shares down and the euro falling to a 10-month low against the U.S. dollar after ratings agency Fitch downgraded Portugal, fueling more concerns about the euro zone's stability. [MKTS/GLOB] .MIWD00000PUS [FRX/]

Here is some news that could affect stock prices:

AGF MANAGEMENT LTD (AGFb.TO: Quote)

Canadian fund management company AGF Management Ltd (AGFb.TO: Quote) reported stronger quarterly earnings on Wednesday, as revenue and assets under management rose, due to improvements in global financial markets. [ID:nN24130972]

AETERNA ZENTARIS INC (AEZ.TO: Quote)

Aeterna Zentaris Inc said on Wednesday that it returned to a fourth-quarter profit, as the Canadian drugmaker benefited from higher licensing fees and lower research expenses. [ID:nN24137944]

BANK OF MONTREAL (BMO.TO: Quote)

The chief executive of Bank of Montreal says regulatory uncertainty will have lifted enough by the second half of 2010 for the bank to make acquisitions, and that waiting any longer would be a mistake. [ID:nN23102105]   Continued...