TSX Set to Open Higher But Weak Commodities May Cap Gains
Toronto's main stock index looked set to open higher on Friday, the final day of trading in 2011, but it is on track to end the year with an overall decline of about 11%, weighed down by volatile commodity prices and the European debt crisis, according to Reuters.
Stocks to watch:
Brookfield Asset Management (BAM-A.TO): Canadian-owned BCIF Holding Colombia S.A.S. has won a bid to acquire a Colombian state-owned power company for around $415 million, the country's finance ministry said on Thursday.
CaNickel Mining Ltd. (CML.TO) said it will cut production at its flagship Bucko Lake Mine by nearly a third due to unfavorable nickel prices and to preserve capital.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
Copyright (C) 2016 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.