CANADA STOCKS- TSX may open lower as sliding commodities weigh

TORONTO, July 13 (Reuters) - Toronto's main stock market index could open lower on Monday, as sliding prices for oil and metals continue to weigh on the resource-heavy market.

World stocks fell with particularly heavy losses in emerging markets, as investors fretted about a coming wave of corporate earnings and confidence in a rapid global economic recovery faded. [ID:nLD67974]

U.S. stock index futures were little changed on Monday as caution over the latest earnings season weighed and CIT Group Inc CIT.N grappled with shoring up its finances, offsetting a broker upgrade of Goldman Sachs (GS.N). [ID:nN13135057]

On Friday the S&P/TSX composite index .GSPTSE closed down 26.79 points, or 0.27 percent, at 9,747.13.

Here is some news that could affect the market:

VALE INCO

Union workers at Vale Inco's Sudbury nickel mine in Canada rejected the company's final contract offer and will go on strike at midnight Sunday, the United Steelworkers union said on Saturday.[ID:nN11472287]

MAGNA (MGa.TO)

Belgian holding company RHJ International SA is readying an improved offer for General Motors Corp GMGMQ.PK unit Opel that it hopes to submit this week, two sources familiar with its plans said on Sunday.[ID:nLC590154]

AIR CANADA (ACa.TO)

Flight attendants at Air Canada have voted in favor of a labor agreement with Canada's biggest airline, a union spokeswoman said on Sunday.[ID:nN1294607]

OIL

Oil prices slipped below $60 a barrel on Monday, heading towards a seven-week low on concerns over the state of the global economy as stock markets slid.[ID:nSYD73698]

GOLD, BASE METALS

Gold edged below $910 an ounce in Europe on Monday, with weaker oil prices and a marginally firmer dollar weighing on prices. [ID:nLD600919] Most base metals were also lower. [ID:nLD601725]

CHRYSLER