TSX to Open Up As Commodities Rise on Solid Spain Debt
Toronto's main stock index looked set to open higher on Thursday, as a strong Spanish debt auction encouraged some risk-taking and boosted commodity prices, according to Reuters.
Stocks to watch:
Yamana Gold (YRI.TO) said it expects production to rise 13% in 2012, mainly due to the ramp-up of production at its newest mine in Mexico.
Viterra (VT.TO) will report solid fourth quarter results next week and has no plans to reduce its workforce, unlike two of its big U.S. rivals, CEO Mayo Schmidt said.
DragonWave (DWI.TO) posted a fifth straight quarterly loss on Wednesday and its sales missed analyst expectations as it suffered from a lull at a major U.S. customer and has yet to complete a deal for Nokia Siemens assets.
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