CANADA STOCKS-TSX may rise on oil, eye on banks

Thu Feb 26, 2009 8:26am EST
 
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TORONTO Feb 26 (Reuters) - Toronto's main stock index is poised to climb at the open on Thursday as oil prices rose, but quarterly bank results and falling gold prices may offset.

The S&P/TSX composite index .GSPTSE rose on Wednesday for a second straight session.

Below is some of the news that may affect the market.

BANK RESULTS

Bank shares got a boost on Wednesday as Toronto-Dominion Bank (TD.TO: Quote) kicked off Canada's bank reporting season with a smaller than expected drop in quarterly profit, a result that boosted both its stock and shares of its peers.[ID:nN25325226]

First-quarter bank results are expected to once again be a large influence on the index on Thursday with Royal Bank of Canada (RY.TO: Quote), National Bank of Canada (NA.TO: Quote) and Canadian Imperial Bank of Commerce (CM.TO: Quote) due to report quarterly results.

* See also: RBC profit falls 15 pct [ID:nN26538378]

* See also: CIBC results [ID:nWNAB7363]

* See also: UK launches toxic asset insurance for banks [ID:nLQ412152]   Continued...