CANADA STOCKS-TSX may edge up on firm oil, gold; RIM to weigh

March 25 (Reuters) – Toronto’s main stock index looked set
to edge higher on Friday with oil and gold prices steady, but
BlackBerry maker Research In Motion (RIM.TO: Quote, Profile, Research) was expected to
drag on the market after warning its earnings would slip.

FACTORS TO WATCH

* Research In Motion (RIM.TO: Quote, Profile, Research): The Blackberry maker on
Thursday warned its earnings would slip as it spends heavily on
the launch of its PlayBook tablet. [ID:nN24175647]

* Canadian equity futures (0#SXF:: Quote, Profile, Research) pointed to a higher
open.

* U.S. stock index futures rose, supported by technology
shares after Oracle gave an upbeat forecast. [.N]

* European shares climbed to two-week highs as tech stocks
gained on Oracle’s upbeat view on spending, though persistent
worries about the euro zone debt situation limited gains.
[.EU]

* Asian markets rose, with Nikkei average up more than a
percent, to round off a week of gains as foreign investors
scooped up battered shares.

COMMODITY PRICE MOVES

* The Thomson Reuters-Jefferies CRB index (.CRB: Quote, Profile, Research), a global
commodities benchmark, rose 0.13 percent in early trade.

* Oil rose with Brent crude near $116, and analysts saw the
risk of another price spike as unrest bubbled across the Middle
East and western powers continued a military campaign in Libya.
[O/R]

* Gold prices firmed a touch in Europe as resurgent worries
over euro zone sovereign debt levels and violence in the Middle
East and North Africa underpinned the metal’s safe-haven
appeal. [GOL/]

* Copper steadied as concerns over sovereign debt in Europe
and the worsening nuclear crisis in Japan undermined sentiment,
but expectations of a supply deficit this year lent support.
[MET/L]

OTHER CANADIAN STOCKS TO WATCH

* Yellow Media Inc. (YLO.TO: Quote, Profile, Research): The media and marketing
company said on Friday it will sell its unit Trader Corp to
funds advised by private equity firm Apax Partners for about
$745 million in cash. [ID:nL3E7EP1V6]

* Firebird Resources Inc. (FIX.V: Quote, Profile, Research): The developer of mineral
properties said on Friday its CEO and finance chief resigned.
[ID:nL3E7EP1R9]

* Cryptologic (CRY.TO: Quote, Profile, Research): The gaming software company said it
has initiated a strategic review of its business that includes
the possibility of an offer being made for the company or a
disposal of part of the business and had hired Deloitte
Corporate Finance as financial adviser to assist it with the
process. [ID:nLDE72O08V]

* Franco-Nevada Corp (FNV.TO: Quote, Profile, Research): The gold-focused royalty
company posted a better-than-expected fourth-quarter profit,
helped by a 57 percent jump in royalty revenue, and said it
will raise its monthly dividend 60 percent. [ID:nL3E7EO3J9]

ANALYST RECOMMENDATIONS

Following is a summary of research actions on Canadian
companies reported by Reuters. [RCH/CA]

* Gammon Gold (GAM.TO: Quote, Profile, Research) price target raised to C$9.95 from
C$9.50; rating hold at Canaccord Genuity

($1= $0.98 Canadian)
(Reporting by Kishan Nair; editing by Jeffrey Hodgson)

CANADA STOCKS-TSX may edge up on firm oil, gold; RIM to weigh