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(Reuters)
TORONTO (Reuters) - Toronto's main stock market index could open little changed on Friday morning in thin trading with the U.S. markets closed for a holiday and mixed commodity prices.
World stocks fell on Friday after a grim U.S. jobs reading and euro zone data added to expectations the pace of economic recovery would be slow. U.S. markets were closed in observance of the Independence Day holiday.
On Thursday, the S&P/TSX composite index closed down 129 points, or 1.24 percent, at 10,245.91.
Here is some news that could affect the market:
TECK RESOURCES LTD
Teck Resources said on Friday it will sell a 17.2 percent equity stake to state-owned China Investment Corp through a private placement that will raise C$1.74 billion ($1.5 billion) and help the miner pay down debt.
FLAHERTY: NO PLANS TO ADD TO STIMULUS
Canada has no immediate plans to increase the size of its two-year stimulus plan, which is designed to pump an extra C$46 billion into the economy, Finance Minister Jim Flaherty said on Thursday.
OIL SAGS
Oil traded below $67 a barrel on Friday, after a fall of nearly 4 percent in the previous session, pressured by a stronger dollar and investor concern about the economic outlook and energy demand.
GOLD UP, BASE METALS FALL
Gold rose on Friday, steadying above $931 per ounce as the dollar lost ground versus the euro, with deeper concerns over the U.S. economic outlook also underpinning the metal. Base metals were lower.
QUEBECOR WORLD INC
Bankrupt commercial printer Quebecor World Inc said on Thursday that its U.S. and Canadian plans of reorganization have been approved by a U.S. bankruptcy court and the Quebec Superior Court.
CANADA RESEARCH
Raymond James raises Pacific Rubiales Energy price target to C$13.50 from C$11; keeps outperform rating.
Canaccord Adams raises Savanna Energy price target to C$6.80 from C$6.50; keeps hold rating.
($1=$1.16 Canadian)
(Reporting by Jennifer Kwan)
