TSX Points to a Lower Open on Eurozone Debt Worries
Toronto's main stock index points to a lower open on Friday on renewed Eurozone debt concerns after Moody's downgraded Ireland five notches. But the rise in prices of major commodities such as gold and copper may cap losses.
Stocks to watch:
BMO Financial Group (BMO.TO) said on Friday that it would buy Marshall & Ilsley Corp for about $4.1 billion in a stock-for-stock deal, strengthening its position in the U.S. Midwest.
Suncor Energy Inc. (SU.TO) signed a C$1.75 billion oil sands deal with Total E&P Canada Ltd, a unit of France's Total, to develop the Fort Hills and Joslyn oil sands mining projects.
Research In Motion's (RIM.TO) Torch, a touchscreen challenger to Apple's iPhone, lifted third-quarter profit above analyst expectations and RIM forecast strong results for the current holiday-season quarter.
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