CANADA STOCKS-TSX may rise after big sell-off; oil climbs

Tue Mar 31, 2009 9:37am EDT
 
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TORONTO, March 31 (Reuters) - Toronto's main stock index could open higher on Tuesday, helped by firmness in oil and metals prices and as global equities rebounded after stumbling the previous session.

Global stocks looked set to log their best monthly performance in more than six years in March. [MKTS/GLOB]. U.S. stock index futures pointed to a higher open. [ID:nLV539850]

On Monday, the S&P/TSX composite index .GSPTSE closed down 224.84 points, or 2.55 percent, at 8,596.22, wiping out much of last week's 3.7 percent gain, as troubles in the North American auto sector and the European banking industry rattled investor sentiment.

Here is some news that could affect the market:

AIR CANADA ACa.TO

Air Canada, Canada's biggest airline, said its chief executive Montie Brewer resigned, effective April 1. Calin Rovinescu, a former senior executive with the airline, will succeed Brewer, the company said in a statement late on Monday. [ID:nBNG455095]

CANADA PENSION PLAN INVESTMENT BOARD

The Canada Pension Plan Investment Board has offered $930 million to buy Australian investment firm Macquarie Communications Infrastructure Group MCG.AX, sending MCG's shares up over 50 percent. [ID:nSYD43219]

ROGERS COMMUNICATIONS (RCIb.TO: Quote)   Continued...