CANADA STOCKS-TSX may open higher on firm metal prices

Fri Jul 31, 2009 8:27am EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

TORONTO, July 31 (Reuters) - Toronto's main stock market index could open higher on Friday, lifted by firm metal prices and as investors bid the market higher on optimism the world economy is stabilizing.

World stocks rallied to fresh 9-1/2 month peaks on Friday as favourable corporate earnings fuelled recovery hopes [ID:nLV646052]

U.S. stock index futures edged higher on Friday as investors bet that key economic data will show the economic slump is ebbing. [ID:nN31410810]

On Thursday the S&P/TSX composite index .GSPTSE closed up 221.39 points, or 2.12 percent, at 10,676.72.

Here is some news that could affect the market:


Operations at a Guatemalan gold mine owned by Canada's Goldcorp risk being disrupted after the government blocked the mine's cyanide imports in a dispute over a fee, a legal advisor for the company said on Thursday. [ID:nN30156187]


Farmers in Western Canada are projected to harvest a 21 percent smaller crop from last year thanks to dry, cold weather that has slowed growth, the Canadian Wheat Board said on Thursday.[ID:nN31369729]   Continued...