October 9, 2009 / 1:06 PM / 8 years ago

CANADA STOCKS-TSX could slip on commodities at open

 TORONTO, Oct 9 (Reuters) - Toronto's main stock index could
start the session lower on Friday as a pullback in commodity
prices may weigh on the resource-heavy index after a string of
four straight big gains.
 Still, any pullback could be limited since investors were
treated earlier to domestic jobs data that showed the economy
generated six times the number of jobs than had been expected
for September.
 Much of the gains during the past four sessions have been
driven by the TSX's influential energy and gold-mining players
as prices for oil and gold rallied. But those prices have since
retreated and that could force the resource players to
relinquish some of their gains.
 The S&P/TSX composite index .GSPTSE rose 134.63 points,
or 1.19 percent, to 11,484.51 on Thursday, which marked its
fourth straight triple-digit gain.
 Here is some news that could affect the market:
 Gold eased in Europe on Friday, consolidating after hitting
record highs for three straight sessions, as an indication from
the U.S. Federal Reserve chief that monetary policy may be
tightened lifted the dollar. [GOL/]
 Oil fell towards $71 a barrel on Friday, trimming a 3
percent gain in the previous session, as a bounce in the dollar
outweighed a more positive demand outlook from the
International Energy Agency. [O/R]
 Canadian employers hired six times more workers than
expected in September, knocking down the unemployment rate for
the first time since July 2008 in another sign the economy is
rebounding from a deep recession. [ID:nN09253705]
 Health sciences company MDS Inc on Friday said it agreed to
sell its Central Labs operations to private investment group
Czura Thornton for about $8 million. [ID:nBNG157626]
 Canadian retailer Dollarama Inc backed by private equity
firm Bain Capital, priced its initial public offering of 17.14
million shares at C$17.50 ($16.60) a share, on the Toronto
Stock Exchange. [ID:nBNG434309]
 Amica Mature Lifestyles Inc posted a small first-quarter
loss due to investments to acquire ownership interests in
certain co-tenancies, and said its chief financial officer
resigned for personal reasons. [ID:nBNG493908]
 Following is a summary of research actions on Canadian
companies reported by Reuters. For more, please double click
 * Dundee raises Labopharm DDS.TO price target 72 percent
to C$2.50.
 * Raymond James raises Stornoway Diamond SWY.TO price
target 40 percent to 28 Canadian cents.
 * Raymond James raises Uranium One UUU.TO to "outperform"
rating from "market perform" and hikes price target 48 percent
to C$4.30.
 (Editing by Jeffrey Hodgson)

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