December 22, 2008 / 1:55 PM / 10 years ago

CANADA STOCKS-TSX set to open mixed, commodities eyed

TORONTO, Dec 22 (Reuters) - Toronto’s main stock market index could open mixed on Monday as strong oil and gold prices are offset by more worries over the global economic slowdown.

Research In Motion RIM.TO could also be in the spotlight after it said it planned to oppose Certicom Corp’s (CIC.TO) attempts to prevent RIM from acquiring it in a C$66 million ($54.8 million) deal. [nBNG297439].

Here is some of the news that may affect the market:


China cut interest rates on Monday and Japan warned it was sliding deeper into a recession encroaching steadily on the global economy, closing factories and throttling trade. [nSP369974].


Oil rose toward $43 a barrel on Monday, partly inspired by a weak U.S. dollar and comments from Saudi Arabia that OPEC supply cuts will succeed in stabilizing the market. [nSYD348289]


Gold climbed more than 1 percent in thin trade on Monday, as the dollar lost ground against the euro while oil’s fall capped gains, traders and analysts said. [nLM691960]


Rogers Communications (RCIb.TO) said on Monday that it planned to make filings with Canadian regulatory authorities in January concerning the voting control of shares of founder Ted Rogers which are being held in trust by the family. [nWNAB5214].


Biovail Corp BVF.TO said on Monday that it entered into a supply agreement with Sanofi Aventis US (SASY.PA) for marketing and distribution of Aplenzin in United States and Puerto Rico. [nWNAB5209]


Goldman Sachs raises Potash Corp POT.N to $73 a share from $60. [nWNAB5180]

Brokerage Raymond James cuts Canadian oil companies. [nWNAB5090]

For more research, see [CA-RCH]. ($1=$1.20 Canadian) (Reporting by Scott Anderson, Editing by Chizu Nomiyama)

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