CANADA STOCKS-TSX could open higher, banks eyed

Wed Feb 25, 2009 8:20am EST
 
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* U.S. crude oil rises 1 pct

* TSX gains 2.8 pct in previous session

* Toronto-Dominion Bank results eyed

TORONTO, Feb 25 (Reuters) - Toronto's main stock market index could open higher on Wednesday on momentum from the previous session's strong gains, while the country's top banks will be in focus as Toronto-Dominion Bank TD.TO kicks off the quarterly results period.

The influential energy sector could also show leadership as the price for U.S. crude oil rose more than 1 percent ahead of U.S. inventory data expected to show rising supply. [nSP425877]

Toronto's main stock index closed sharply higher on Tuesday as oil and gas issues climbed with rising crude prices, while financials strengthened as fears over the fate of the troubled U.S. banking sector eased. [nN24435735]

Below is some of the news that may affect the market.

GOLD EASES AS RISK AVERSION COOLS, EQUITIES FIRM

Gold declined on Wednesday after reassuring comments from Federal Reserve Chairman Ben Bernanke on the economy cooled risk aversion. [nLP360903]   Continued...