CANADA STOCKS-TSX may open higher on resources

TORONTO Feb 16 (Reuters) - Toronto's main stock market index could open higher on Tuesday as the resource-heavy index is boosted by stronger gold and energy prices.

Meanwhile, investors will also take time to digest Canada's announcement that it plans to announce changes to mortgage rules to ensure Canadians do not take on too much debt, the Globe and Mail newspaper said.[ID:nSGE61F04L]

Toronto's main stock index, which was closed on Monday, eked out a gain on Friday as bargain-hunters scooped up stocks seen as undervalued and the index's heavily weighted resource sectors trimmed losses brought on by concerns about China's monetary policy.[ID:nN12209493]

Here is some of the news that may affect the market.

OIL HIGHER

Oil skipped over $75 per barrel, up more than $1, on Tuesday, responding to a euro struggling higher against the dollar and supported by tensions over pressure for more sanctions against Iran.[ID:nSGE61F06Y]

GOLD RALLIES

Gold prices rallied 1.6 percent in Europe on Tuesday to a two-week high of $1,116.65 an ounce as investors bought the metal to hedge against financial risk in the euro zone, and as the euro rebounded versus the dollar.[ID:nLDE61F16H]

TERRA INDUSTRIES

Norway's Yara (YAR.OL) agreed to buy Terra Industries TRA.N for $4.1 billion to create the world's biggest mineral fertiliser producer and boost its U.S. presence, as rivals look to join forces to gain size and reach.[nLDE61E1PM]

RESEARCH NEWS

For a summary of research actions on Canadian companies reported by Reuters on Tuesday please see [RCH/CA]. ($1=$1.05 Canadian) (Reporting by Scott Anderson; Editing by Theodore d'Afflisio)