CANADA STOCKS-TSX seen lower as oil, world stocks stumble

Thu Sep 24, 2009 8:15am EDT
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TORONTO, Sept 24 (Reuters) - Toronto's main stock index will likely fall at the open on Thursday along with weak oil futures and a drop in world stocks as investors grow cautious ahead of the Group of 20 summit.

Leaders of the world's biggest economies meet in Pittsburgh Thursday to discuss ways to nurture a fragile recovery from the worst global recession since 1930s and to help cushion the global economy from future crises. [ID:nN24427327]

On Wednesday, the S&P/TSX composite index .GSPTSE closed down 68.19 points, or 0.59 percent, at 11,517.54 as falling commodity prices erased gains after the U.S. Federal Reserve said the economy was recovering. [.TO]

Here is some news that could affect the market:


The Canadian government plans to extend a program to buy up to C$125 billion worth of insured mortgages, the Globe and Mail reported, without naming its sources. The program was scheduled to end next week, according to the paper. [ID:nBNG338328]


Research in Motion Ltd is expected to forecast strong gains for its current quarter on Thursday as it gets set to update its BlackBerry smartphones for consumers and business users. [ID:nN22344504]

CANWEST CGS.TO   Continued...