CANADA STOCKS-TSX eyes firm open after Greece deal

Fri Mar 26, 2010 8:45am EDT
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

 TORONTO, March 26 (Reuters) - Toronto's main stock index
could open higher on Friday as commodity prices got a boost
after euro zone leaders agreed on a deal for debt-ridden
Greece.
 The euro rallied off a 10-month low against the dollar on
Friday and core euro zone government bond prices slipped after
the region's leaders and the IMF agreed a joint financial
safety net for Greece. [MKTS/GLOB] [FRX/]
 A firmer tone in global equities could influence moves by
the Toronto Stock Exchange's S&P/TSX composite index
.GSPTSE.
 Here is some news that could affect stock prices:
 BIOVAIL CORP BVF.TO
 Canadian drugmaker Biovail Corp BVF.N said it bought
respiratory depression treatments from Cortex Pharmaceuticals
CORX.OB in a deal worth $10 million. [ID:nN26131844]
 OIL RISES
 Oil tried to sustain forays above $81 with Brent briefly
jumping over $1 as confidence over a deal to help debt-ridden
Greece was tempered by worries the global recovery could still
falter and keep crude demand weak. [O/R]
 GOLD, BASE METALS UP
 Gold rose towards $1,100 an ounce in Europe on Friday as
the euro rebounded against the dollar after euro zone leaders
agreed to create a joint financial safety net with the IMF for
debt-laden Greece. Most base metals were also higher. [GOL/]
[MET/L]
 CVTECH GROUP INC CVT.TO
 Canadian electrical services provider CVTech Group Inc
posted a fourth-quarter loss, partly hurt by weakness at its
CVT systems and related products segment. [ID:nSGE62P0ED]
 STRONGCO INCOME FUND SQP_u.TO
 Canada's Strongco Income Fund posted a narrower quarterly
loss, helped by higher margins, and said its current order book
for new construction equipment has nearly doubled from the end
of 2009. [ID:nSGE62P0DE]
 CANADA RESEARCH
 Thomas Weisel raises Lululemon Athletica (LULU.O: Quote) price
target to $39 from $33; rating market weight.
 BMO raises Telus Corp (T.TO: Quote) price target to C$40 from
C$37; rating market perform.
 UBS raises UTS Energy UTS.TO price target to C$2.90 from
C$2.65; rating buy.
 For more research, please see: [CA-RCH]
 ($1=$1.03 Canadian)
 (Reporting by Jennifer Kwan)