CANADA STOCKS-TSX seen opening higher on oil, metals

Thu Mar 26, 2009 8:29am EDT
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TORONTO, March 26 (Reuters) - Toronto's main stock index may open higher on renewed strength in the price of crude oil and metals.

U.S. stocks pointed to a higher open [ID:nN26469541].

On Wednesday, the S&P/TSX composite index .GSPTSE fell for its second straight day, losing 51.95 points, or 0.59 percent, to close at 8,797.44, as a jump in U.S. crude stocks hit oil prices and weak U.S. Treasury securities auctions hurt market sentiment.

Here is some news that could affect the market:


U.S. crude oil CLc1 prices rose over $1.00 to $53.80 in early trade on Thursday as investors bet that economic stimulus measures might offset the impact of high oil inventories [ID:nSP460455].


Gold edged higher on Thursday, supported by investment appetite ahead of the final caluculation of U.S. fourth-quarter growth data, while base metals were given a boost by Wednesday's unexpectedly strong U.S. durable goods report[ID:nLQ946438] and [ID:nLQ244746].

ENERGY SECTOR   Continued...