CANADA STOCKS - Factors to watch on Sept 26

Fri Sep 26, 2008 9:00am EDT
 
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TORONTO, Sept 26 (Reuters) - Canada's S&P/TSX composite index .GSPTSE is likely to face pressure on Friday as oil fell, sentiment soured after talks over the U.S. bailout plan stalled and U.S. authorities shuttered Washington Mutual Inc WM.N, selling its assets to JPMorgan Chase & Co JPM.N.

A lower-than-expected forecast from Research in Motion RIM.TO will also hurt sentiment.

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

RIM RESULTS RIM.TO

Research In Motion RIM.TORIMM.O warned profit in the current quarter would come in lower than analysts had expected because of higher costs related to its newest BlackBerry smartphones. [ID:N25530058] Several firms adjusted their stock ratings and price targets for the company. [CA-RCH-RIM.TO]

BAILOUT TALKS

U.S. Congressional leaders will again debate a $700 billion bailout plan after talks broke down as lawmakers doubt if the plan can solve the wider credit crisis. [ID:nLQ501615] For links to more stories, see [ID:nN22402709]

WASHINGTON MUTUAL WM.N

The U.S. government shuttered Washington Mutual Inc in the largest failure of a U.S. bank, and its banking assets were sold to JPMorgan Chase & Co. [ID:nLQ348949]   Continued...