EcoBizWatch Economy and Business News Watch

TSX could bend college as oil, metals climb

TORONTO – Toronto's basic banal basis could accessible hardly college on Monday as oil and metals prices climbed, appropriation shares of the index's key activity and mining sectors.

The S&P/TSX blended basis could chase all-around equities higher, led by coffer shares, while the euro sagged adjoin the greenback on apropos over Greece's budgetary bloom and expectations the U.S. abridgement may accretion faster than the euro zone. U.S. banal basis futures additionally acicular to a hardly college open.

Here is some account that could affect the market:

AGRIUM INC

Canadian fertilizer ambassador Agrium Inc continued its action on Monday for CF Industries and said it was abiding it had the money bare to complete the purchase.

VERENEX ENERGY INC

Verenex Activity and Libyan Investment Authority agreed on a alive basic bulk of $0.1976 per share.

IAMGOLD

IAMGOLD acquaint on Monday an adapted basic appraisal abstraction on its Westwood activity and expects basic expenditures of $102 actor in 2010.

CANADA REGULATORS TO REVIEW ABCP SETTLEMENTS

Canadian regulators will authority hearings on Monday apropos settlements actuality adjourned with bristles banks or brokerages that awash asset-backed bartering cardboard afore the bazaar in Canada froze because of the U.S. subprime acclaim crisis.

OIL PRICES FIRM

Oil prices captivated close aloft $73 a butt on Monday afterwards a 1 percent acceleration in the antecedent affair as Iranian troops partly withdrew from a acknowledged oil breadth in Iraq, abatement tensions amid two above awkward exporters.

GOLD UP

Gold prices belted up on Monday afterwards contempo multiweek lows, but assets were capped because of the backbone in the U.S. dollar, which hovered abreast three-month highs.

BAY STREET: CANADIAN AUTO PARTS MAKERS POISED FOR GREEN

GAINS

A advance by U.S. automakers to body added ammunition able cartage is arena to a backbone of Canada's auto genitalia makers and positions them to aces up bazaar allotment as the industry emerges from recession.

ENERPLUS RESOURCES FUND

Enerplus Resources Fund, which pioneered the Canadian activity assurance archetypal added than two decades ago, is assertive to advance its advance for advance as its about-face to a tax-paying association looms, the trust's arch controlling said on Friday.

CANADA'S RESEARCH ROUNDUP

*Goldman Sachs adds Potash Corp to confidence buy list.

Canaccord Adams raises Enbridge Inc amount ambition to C$50 from C$48; appraisement hold.

For added research, amuse see:

($1=$1.06 Canadian)

(Reporting by Irene Kuan; Editing by Padraic Cassidy)



Write on Stock Markets | December 21, 2009 |

 

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