CANADA STOCKS-TSX may open lower on resources, Dubai

Mon Nov 30, 2009 8:14am EST
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TORONTO Nov 30 (Reuters) - Canada's main stock market index may open lower on Monday as weak gold and flat oil prices constrain the resource-heavy market and investors worry about Dubai's debt problems.

Retail issues could also see some pressure after data showed that U.S. shoppers spent less per person at the start of the holiday season.

Toronto's main stock index ended up 0.2 percent at 11,464.41 in a see-saw session on Friday as gains in financial stocks overcame investor jitters over a possible debt default by a state-owned Dubai conglomerate. [nN27436587]

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


Gold prices eased on Monday to just over $1,170 per ounce even though currency fundamentals were favorable, with some investors opting for cash on residual wariness about Dubai's debt shock.[nGEE5AT0Y2]


Oil prices were flat around $76 a barrel on Monday, as the dollar weakened, but investors kept a wary eye on debt-laden Dubai and its impact on the global economy. [nSYD407517]

DUBAI EYED   Continued...