CANADA STOCKS-TSX could open higher on global rally

Tue Dec 29, 2009 8:12am EST
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 TORONTO, Dec 29 (Reuters) - Toronto's main stock index
could open higher on Tuesday, catching up to a global stocks
rally after a four-day pause in trading for the holidays.
 The S&P/TSX composite index .GSPTSE could follow world
markets, which have rallied as the end of the year approaches
and investors put worries about a major world financial
collapse behind them. U.S. stock index futures also pointed to
a stronger open. [MKTS/GLOB] [.N]
 Toronto's main stock index last traded on Dec. 24 and
volume is expected to be light through the three-day week as
many market players are on holiday between Christmas and New
 Here is some news that could affect the market:
 Gold was little changed on Tuesday around $1,105 an ounce
due to low investor liquidity but U.S. dollar weakness and
expectations of stronger buying in the new year were set to
support bullion prices. [GOL/]
 Copper rose nearly 3 percent on Tuesday to hit its highest
in more than 15 months, lifted by looming industrial action in
one of the world's top copper mines in Chile. Other metals
tracked copper's gains. [ID:nLDE5BS0JH]
 Oil traded flat at below $79 a barrel, off a five-week high
the previous session, as a firming dollar offset colder U.S.
weather and concerns over political developments in Iran.
 Canada's International Royalty Corp IRC.TO said on
Tuesday Royal Gold's (RGLD.O: Quote) C$749 million ($719.5 million)
offer to buy the company is superior to Franco-Nevada's
(FNV.TO: Quote) unsolicited bid. [ID:nSGE5BS0AM]
 Metals explorer Corriente Resources Inc CTQ.TO said
China's CRCC-Tongguan Investment Co Ltd agreed to buy all of
its outstanding shares in a deal worth about C$679 million.
 * Roth Capital Partners raised Actuate Corp ACTU.O to
"buy" from "hold," saying it is upbeat on the software maker's
recent deal with Canada's Xenos Group Inc XNS.TO, sending its
shares up as much as 15 percent. [ID:nSGE5BR08N]
 * On Dec. 28, 2009, Standard & Poor's Ratings Services
withdrew its ratings on  Mississauga, Ont.-based IMAX Corp, at
the company's request. [ID:nSPWch8VQP]
 * For more research, please see: [CA-RCH]
 ($1=$1.04 Canadian)
 (Reporting by Andrea Hopkins, Editing by Chizu Nomiyama)