CANADA STOCKS-Weak resources seen weighing on TSX

Thu Nov 26, 2009 7:52am EST
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TORONTO Nov 26 (Reuters) - Toronto's main stock market index could open lower on Thursday as weak U.S. crude oil and falling gold prices weigh on the commodities-laden bourse.

But volume is expected to be light in Canada with U.S. markets closed for the Thanksgiving Day holiday.

The Toronto Stock Exchange's S&P/TSX composite index .GSPTSE closed higher on Wednesday as a record-high gold price and a turnaround in oil prices boosted resource issues. [nN25369992]

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


Gold fell from a record high hit earlier on Thursday as the dollar rebounded from its lows, but the market was still expected to seek higher ground due to prospects for central bank buying and more dollar weakness. [nGEE5AP0ZD]


Oil fell toward $77 on Thursday, in line with falls across financial markets and as weak demand for fuel offset potential support from a weak dollar.[nSIN117910]