TSX Could Open Higher But Commodities May Weigh

Toronto's main stock index looked set to open higher on Wednesday after a long Christmas holiday weekend, though lower commodity prices might weigh on the resource heavy index, limiting any overall gains, according to Reuters.

Stocks to watch:

Bombardier (BBD-B.TO) has been awarded a 188 million pounds ($294.57 million) contract to supply 130 train carriages to UK rail operator Southern.

Athabasca Oil Sands Corp. (ATH.TO) said it received regulatory approval for its 150,000 barrels per day MacKay River project in Alberta and is on track to start production from 2014.

Crocodile Gold (CRK.TO) said an affiliate of Luxor Capital Group has offered to buy a majority stake in the company for about C$121 million.

Crystallex International (KRY.TO) that tried for years to develop a massive gold deposit in Venezuela, filed for bankruptcy protection on Friday and will be delisted from the Toronto Stock Exchange.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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