CANADA STOCKS-TSX may open higher, helped by oil price rise

Fri Jul 24, 2009 8:45am EDT
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TORONTO, July 24 (Reuters) - Toronto's main stock market index could open higher on Friday, helped by a rise in oil and other commodity prices.

World stocks pushed up to 9-month highs, cutting demand for government bonds as euro zone manufacturing and services reports beat expectations. [ID:nLO33305]

But U.S. stock index futures pointed to a mixed open as disappointing results from Microsoft Corp (MSFT.O: Quote) and Inc (AMZN.O: Quote) curbed sentiment a day after a rally took the Dow industrials above the key 9,000 mark. [.N]

On Thursday the S&P/TSX composite index .GSPTSE closed up 243.33 points, or 2.33 percent, at 10,675.68, its highest level since June 12.

Here is some news that could affect the market:


Nexen Inc may sell its natural gas and power marketing units as part of a strategic review aimed at further reducing the financial risk in its overall operations, it said on Thursday. [ID:nN23417060]


Loblaw said it will acquire T&T Supermarket, Canada's largest Asian food retailer, for C$225 million. [ID:nWNAB1780]   Continued...