TSX Could Get a Lift from Commodities, But RIM to Weigh
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.
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