Toronto's main stock index looked set to open slightly higher on Friday, tracking a rise in commodity prices, though a sharp drop in Research in Motion (RIM.TO) after disappointing results is expected to drag on the TSX, Reuters reports.
Stocks to watch:
Research In Motion (RIM.TO) posted a sharp drop in profit on Thursday, offered a dismal outlook for Blackberry shipments around Christmas and delayed the likely arrival of a make-or-break overhaul of its smartphones.
Valeant Pharmaceuticals International Inc. (VRX.TO) said its experimental antifungal drug met the main goals of two late-stage trials.
TransCanada Corp. (TRP.TO): Buoyed by renewed pledges of customer support, the company said on Thursday it not only wants to proceed with its stalled Canada-to-Texas Keystone XL oil pipeline but to undertake a $600 million expansion and extension.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.