CANADA STOCKS-TSX may open higher as commodity prices rise
Aug 27 (Reuters) - Toronto's main stock index looked set to open higher on Friday, boosted by a rise in commodity prices and U.S. economic growth data that came in better than expectations.
FACTORS TO WATCH
* Canadian equity futures <0#SXF:> pointed to a higher open.
* U.S. stock index futures extended gains on Friday after data showed U.S. gross domestic product for the second quarter was revised lower, but the figure was better than anticipated. [.N]
* U.S. Federal Reserve Chairman Ben Bernanke delivers a speech that is expected to shed light on whether the Fed will support the economy with fresh injections of cash. [ID:nN27251934]
* European stocks were flat, with telecoms and utilities among the gainers.
* Asian stocks pared declines but still rounded off a week of losses.
COMMODITY PRICE MOVES
* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, rose 0.41 percent in early trade. Continued...