CANADA STOCKS-TSX could open lower as commodities weigh

TORONTO, Dec 22 (Reuters) - Toronto's main stock index
could open lower on Tuesday as oil, gold and base metal prices
fell and dragged down shares of energy and mining companies on
the resource-heavy index.

But the S&P/TSX composite index .GSPTSE may follow world
stocks, which rose for a second day on rising expectations of
U.S. economic recovery, while U.S. stock index futures also
pointed to a higher open. [MKTS/GLOB] [.N]

Here is some news that could affect the market:

OIL SLIPS

Oil prices slipped towards $73 per barrel on Tuesday after
OPEC agreed to roll over its production targets and ahead of
data expected to show a fall in crude and distillate
inventories in the United States. [O/R]

GOLD, BASE METALS SOFT

Spot gold prices fell to its lowest since early November on
Tuesday, hampered as the dollar found support against a basket
of currencies. [GOL/]

Copper fell on Tuesday, in holiday thinned trade, as
traders noted more gains in stockpiles of the metal, a sharp
slide in Chinese equities and the possibility that the U.S.
dollar might continue to rise. [MET/L]

PARKLAND INCOME FUND PKI_u.TO

Parkland Income Fund said on Tuesday it is to buy petroleum
distributor Bluewave Energy Limited Partnership for C$214
million, making it the largest independent fuel distributor in
Canada. [ID:nSGE5BL070]

CANADA BANKS TO PAY C$139 MLN IN ABCP SETTLEMENT

A group of Canadian banks and brokerages will pay about
C$139 million in penalties for allowing investors to buy
asset-backed commercial paper that traded in a market that
seized up during the U.S. subprime credit crisis.
[ID:nN21258531]

C A BANCORP INC (BKP.TO)

C. A. Bancorp Inc board of directors unanimously
recommended shareholders to reject Maxam's hostile take-over
bid and said Maxam's offer is financially inadequate.
[ID:nWNBB3611]

CANADA'S RESEARCH ROUNDUP

*Blackmont Capital initiated coverage of four Canadian gold
mining companies, including Rubicon Minerals Corp (RMX.TO).
[ID:nSGE5BL0D9]

*RBC cuts IAMGOLD Corp (IMG.TO) price target to C$20 from
C$21; rating sector perform.

For more research, please see: [CA-RCH]
(Reporting by Irene Kuan; Editing by Chizu Nomiyama)