CANADA STOCKS-TSX may open lower on weak commodities, data

Fri Jul 30, 2010 9:05am EDT
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July 30 (Reuters) - Toronto's main stock index could open lower on Friday as commodity prices slipped and investors fretted about the health of the U.S. economy.

Canadian equity futures pointed to a lower open. <0#SXF:>. The Reuters-Jefferies CRB index .CRB, a global commodities benchmark, was down 0.17 percent in early trade.

Economic data on Friday morning showed growth in Canada edged up 0.1 percent in May, in line with expectations, after unexpectedly stalling in April.

Second-quarter growth in the United States slowed slightly more than economists had forecast, according a preliminary GDP estimate on Friday. That could exacerbate worries about the strength of the recovery in Canada's biggest trading partner.

As a consequence, Wall Street is also set for a lower start [.N]. European shares slipped with construction and materials issues among the biggest losers. Asian stocks dropped on profit-taking

Here is some news that could affect stock prices:


Oil slipped on Friday, heading for a fourth consecutive weekly settlement within the $75-$80 range, as investors focused on a slowing economy and rising inventories in top consumer the United States. [O/R]

COPPER FALLS   Continued...