December 31, 2009 / 1:18 PM / 8 years ago

CANADA STOCKS-TSX could open higher to close 2009

3 Min Read

 TORONTO, Dec 31 (Reuters) - Toronto's main stock index could open higher on Thursday, following global markets, gold and oil higher on the final trading day of 2009.
 The S&P/TSX composite index .GSPTSE could track rising world stocks, which are headed toward their best annual performance on record, a year after suffering their worst. U.S. stock futures also pointed to a higher open [MKTS/GLOB] [.N]
 Canada's biggest exchange closed slightly higher on Wednesday in light trading, and volume is expected to be thin again as key players have taken a break for the holidays.
 Here is some news that could affect the market:
 GOLD HIGHER
 Gold rose 1 percent to above $1,100 an ounce in Europe on Thursday as the dollar slipped against the euro, boosting interest in the precious metal as an alternative asset. [GOL/]
 OIL NEARS $80
 Oil rose towards $80 on Thursday, poised for the biggest annual climb in a decade, a year after posting huge losses as the global economic crisis sapped demand. [O/R]
 BOMBARDIER CONTRACT
 Bombardier Transportation, the Berlin-based unit of Bombardier Inc (BBDb.TO), said it received a contract worth about $405 million to provide fleet-maintenance services to the Spanish national rail operator, RENFE, for 14 years. [ID:nSGE5BU0AY]
 CROCOTTA SELLING ASSETS
 Canadian oil and natural gas company Crocotta Energy Inc CTA.TO said it agreed to sell certain non-core properties for C$33 million. [ID:nSGE5BU0A7]
 PIPELINE GETS CONDITIONAL APPROVAL
 The C$16.2 billion ($15.4 billion) Mackenzie pipeline in Canada's Arctic should be allowed to proceed, provided 176 recommendations aimed at securing socioeconomic benefits and minimizing environmental damage are followed, regulators ruled on Wednesday. [ID:nN30227059]
 CANADA'S RESEARCH ROUNDUP
 * Raymond James raises Black Diamond Income Fund BDI_u.TO to Strong Buy from Outperform [ID:nWNBB4726]
 * Haywood starts Endeavour Silver Corp (EDR.TO) with Sector Perform rating, price target of C$4.25 [ID:nWNBB4747]
 * For more research, please see: [CA-RCH]
 ($1=$1.05 Canadian)
 (Reporting by Andrea Hopkins, Editing by Chizu Nomiyama)                                      

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