CANADA STOCKS-TSX eyes higher open as resources firmer

Thu Mar 25, 2010 8:33am EDT
 
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TORONTO, March 25 (Reuters) - Toronto's main stock index looked set for a higher open on Thursday as a weaker U.S. dollar helped to push up the price of oil and gold, lifting the resource-laden index.

A firmer tone in global equity markets could also influence the direction of the Toronto Stock Exchange's S&P/TSX composite index .GSPTSE. European shares rose to their highest level in 17 months and the euro recovered from 10-month lows against the dollar as the European Central Bank moved to shore up Greek banks. [MKTS/GLOB] [.N]

Investors will be closely watching any news from a European Summit, which begins later on Thursday.

Here is some news that could influence stock prices:

LULULEMON ATHLETICA LLL.TO

Canadian retailer Lululemon Athletica reported strong quarterly results on Thursday, helped by its growing line of running gear and a rebound in consumer confidence. [ID:nN25211851]

BANK OF NOVA SCOTIA BNS.TO

Thanachart Bank said on Thursday it was on track to acquire a stake in Siam City Bank SCIB.BK despite criminal charges hanging over two of its executives, which could in theory scupper the deal, Thailand's biggest in four years. Thanachart Bank is 49 percent owned by Canada's Bank of Nova Scotia BNS.TO. [ID:nSGE62O0DI]

IVANHOE MINES IVN.TO   Continued...