CANADA STOCKS-TSX seen lower as commodities sag

Wed Mar 25, 2009 8:17am EDT
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TORONTO, March 25 (Reuters) - Toronto's main stock index may open lower on Wednesday, pressured by weakness in the price of crude and metals.

However, Toronto may follow U.S. stocks, where index futures pointed to a higher open. [ID:nLP192567]

On Tuesday, the S&P/TSX composite index .GSPTSE fell 109.12 points, or 1.22 percent, to close at 8,849.39, as a slide in oil prices shook out some of the recent big gains.

Here is some news that could affect the market:


Oil fell by more than $1 to $52.90 in early trade on Wednesday after weak export data from Japan, and as investors paused to reassess U.S. plans to clean up bad assets at banks, halting a global equities rally.[ID:nSP461760]


Gold eased on Wednesday, but a softer tone on equity markets and strong investor interest are expected to support prices of the metal, while base metals were largely weaker. [ID:nLP140191] and [ID:nLP203526], w

ENERGY SECTOR   Continued...