REFILE-CANADA STOCKS-TSX may open higher on commodities

Fri Feb 26, 2010 8:40am EST
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(Refiles to fix spelling in headline).

TORONTO Feb 26 (Reuters) - Canada's main stock market index may open higher on Friday as firm gold and oil prices prop up the commodity-heavy index.

Investors will also take time to digest the latest economic data that is expected to show that Canada's current account deficit shrank to C$8.50 billion in the fourth quarter from a record C$13.12 billion in the third quarter.

Data in the United States includes fourth-quarter gross domestic product and the National Association of Realtors existing home sales for January.

Toronto's main stock index closed higher on Thursday after a three-day slide as stronger than expected bank earnings and a firm gold price lifted two of the index's biggest sectors.[ID:nN25126845]

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


Gold prices rose in Europe on Friday, supported by a rebound in the euro versus the dollar after the previous session's weakness, but traders were cautious ahead of a raft of U.S. data due later in the day.[ID:nGEE5B00LA]

U.S. CRUDE OIL   Continued...