CANADA STOCKS-TSX may open higher on IPOs, RIM awaited
TORONTO, March 31 (Reuters) - Canada's main stock market index may open higher on Wednesday as strong commodity prices and a pair of initial public offerings prop up the Toronto Stock Exchange.
Technology shares could also be in focus as investors await quarterly results from BlackBerry maker Research In Motion RIM.TO RIMM.O after the market closes.
Toronto's main stock index went for a wobbly ride on Tuesday and ended slightly higher as gains in its heavyweight energy and financial sectors were offset by weaker gold and technology shares.[ID:nN30171846]
Here is some news that could affect stock prices:
ATHABASCA OIL SANDs IPO
Athabasca Oil Sands Corp said on Tuesday it will raise at least C$1.35 billion ($1.32 billion) in North America's biggest initial public offering so far this year, a clear sign investor interest in Canadian oil sand assets has rebounded. [ID:nN30177984]
Research In Motion is expected to report this week it sold a whopping 11 million BlackBerries in its latest quarter, which may offset the impact of falling prices and narrower profit margins.[ID:nN26149172]
GOLD RISES Continued...