March 26, 2010 / 12:46 PM / in 7 years

CANADA STOCKS-TSX eyes firm open after Greece deal

 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) price target to $39 from $33; rating market weight.
 BMO raises Telus Corp (T.TO) 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)                                       

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