CANADA STOCKS-TSX set to open higher, eyes on oil

Mon Dec 29, 2008 8:33am EST
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TORONTO Dec 29 (Reuters) - Toronto's main stock market index was seen opening higher on Monday as the resource-heavy index may find support from the rising price of oil in the wake of violence in the Middle East.

The Toronto Stock Exchange's S&P/TSX composite index .GSPTSE reopens on Monday after the Christmas break, but volume is expected to be light again with the trading week shortened by New Year's Day holiday on Thursday.

Here is some of the news that may affect the market:


Oil prices rose above $40 a barrel, boosted by the weak U.S. dollar and violence between Israel and Hamas that served as a reminder of tensions that could threaten crude supplies from the Middle East. For details, see [ID:nSIN417179].


Calgary-based Antrim Energy AEN.TO expects UK regulatory approval for the Phase I development plan of its Causeway property in the UK North Sea during 2009, the oil and gas explorer said. [ID:nBNG423470]


Miner Crew Gold CRU.TO said on Monday it was told to stop, then to continue operations in Guinea as the African state's coup leaders seek to review mining deals signed under the previous regime. [ID:nLT351898]   Continued...