CANADA STOCKS - Factors to watch on Sept 24

Wed Sep 24, 2008 8:58am EDT
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TORONTO, Sept 24 (Reuters) - Canada's S&P/TSX composite index .GSPTSE could open higher on Wednesday, boosted by firmness in commodities and Warren Buffett's $5 billion investment in Goldman Sachs (GS.N: Quote).

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


Warren Buffett, one of the world's most respected investors, will pump $5 billion into Goldman Sachs Group Inc in a deal that could see Buffett's Berkshire Hathaway Inc (BRKa.N: Quote) hold a 9 percent stake in Goldman. [ID:nHKG43245] For more stories see [ID:nN13574113]


Nexen Inc says some of its fields in the U.S. Gulf will be shuttered until 2009 related to damage from Hurricane Ike and expects minimal production volumes from operations for the rest of the quarter. In the fourth quarter, production volumes in the U.S. Gulf are expected to range between 10,000 and 20,000 barrels of oil equivalent a day. [ID:nWNAB2541]


EnCana Corp will begin an expansion project this month at the refinery in Wood River, Illinois, that it co-owns with ConocoPhillips (COP.N: Quote). Canada's biggest energy company expects to complete the project over the next three years. [ID:nBNG19368]

AGF MANAGEMENT (AGFb.TO: Quote)   Continued...