CANADA STOCKS - Factors to watch on Sept 29

Mon Sep 29, 2008 8:43am EDT
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TORONTO, Sept 29 (Reuters) - Canada's S&P/TSX composite index .GSPTSE may face pressure on Monday, as oil fell toward $101 a barrel and as markets worry about the extent of the problems facing banks around the world. Here is some of the news that could affect the market.


The U.S. House is expected to vote on the big bailout rescue plan for the financial industry, while Citigroup Inc C.N set a deal to acquire most of Wachovia Corp WB.N assets. For details, see [ID:nLT436737]


The governments of Belgium, Netherlands and Luxembourg moved to part-nationalise Fortis NV FOR.BR with an injection of over $16 billion, while British mortgage lender Bradford & Bingley BB.L was brought under the government's wing.

German lender Hypo Real Estate Holding AG HRXG.DE also secured a credit line from government and banks. [ID:nLS357697] For links to more stories, see [ID:nN22402709]


Research in Motion Ltd will sell its high-end BlackBerry Bold in Japan through No. 1 carrier NTT DoCoMo from early 2009, betting new product launches around the world will help it raise its global market share even though initial costs may eat into gross margins. [ID:nT262406]

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