CANADA STOCKS - Factors to watch on Sept 30

Tue Sep 30, 2008 8:51am EDT
 
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TORONTO, Sept 30 (Reuters) - Canada's S&P/TSX composite index .GSPTSE may get a breather on Tuesday, after logging its biggest one-day percent tumble in nearly eight years as oil firmed and investors hoped a deal over the $700 billion U.S. bailout for the financial industry would come soon.

The main Toronto index fell 840.93 points, or 6.93 percent on Monday. The Dow Jones index was down 778 points, or 7 percent.

Here is some of the news that could affect the market.

BREAK FROM BAILOUT

The Senate returns on Wednesday and the House on Thursday after a break for the Jewish New Year holiday. For links to stories, see [ID:nN30410538]

ECONOMIC DATA

Canadian gross domestic product rose steeply in July. [ID:nN30397290], and industrial product prices and raw materials prices fell in August [ID:nN30397459].

CRISIS MEETING REJECTED

Prime Minister Stephen Harper rejected a plea by NDP leader, Jack Layton, for an emergency, all-party meeting on the global financial crisis, saying discussions should take place during public debates this week. [ID:nN29404400]   Continued...