TSX Likely to Open Lower After Europe, North Korea Leader's Death

Toronto's main stock index was set for a lower open on Monday as news from Europe takes centre stage and markets remain wary following reports of the death of North Korean leader Kim Jong-il, according to Reuters.

Stocks to watch:

Potash Corp. (POT.TO) is seeking permission from Israeli authorities to raise its stake in rival Israel Chemicals to 25%, a government source said.

TransCanada Corp. (TRP.TO): U.S. Senate Republicans claimed victory on Saturday for a bill that may force President Barack Obama to make a speedier decision on TransCanada's Canada to Texas oil pipeline, but a White House official indicated quick approval of the project is not likely.

Pengrowth Energy Corp (PGF.TO) said on Saturday a wellsite pipeline at its Judy Creek field in northern Alberta, Canada, had leaked about 1,900 cubic meters of water and oil, the latest in a series of pipeline problems the company suffered this year.

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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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