RTTN: Canadian stocks poised for rough start to new month -- Canadian Commentary
Canadian stocks will look for a change of direction on the first trading day of February, but early signals are pointing to a lackluster start amid deepening concerns about the depth of the global recession.
The S&P/TSX Composite Index lost ground for second day on Friday, slipping 67.86 points to 8,694.90.
Metals producers may be in play Monday after global mining giant Rio Tinto (RTP) confirmed recent media speculation on its talks with existing shareholder Chinese aluminum group Chinalco, on it taking minority stake in some of Rio's businesses and investing in convertible instruments.
