(RTTNews) - Canadian stocks could see strength early Wednesday morning on higher oil prices and encouraging corporate news from the U.S.

Crude oil is up another 52 cents to $54.67 per barrel, continuing a recent climb. Copper is also higher, rising 4.15 cents to $2.836 per pound. Gold slipped $4.50 to $1,060.50 after hitting record highs yesterday.

Financial services giant JPMorgan Chase & Co. (JPM) reported a sharp increase in third-quarter profit, while chipmaker Intel beat the expectations of analysts.

In corporate news in Canada, Barrick Gold (ABX.TO) priced an aggregate of $1.25 billion debt securities that consist of $400 million of 4.95% notes due 2020 and $850 million of 5.95% notes due 2039.

Vermilion Energy Trust (VET_U.TO) announced a bought deal to sell 7.3 million trust units at $30.90 per trust unit to raise gross proceeds of $225 million.

Plutonic Power Corp. (PCC.TO) announced a bought deal to sell 21 million common shares at a price of $3.35 per common share for gross proceeds of $70.35 million.

Glendale International Corp. (GIN.TO) reported for the third quarter a net loss of C$2.1 million or C$0.23 per share, narrower than C$2.23 million or C$0.24 per share posted a year ago.

Canadian new motor vehicle sales fell 0.3% to 126,401 units in August as sales of passenger cars slipped.

On Tuesday, the S&P/TSX Composite Index fell 39.43 points or 0.34% to close at 11,393.10. Traders returned to their desks after a three-day holiday weekend.

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Posted in Categories: Canada, Releases, Stocks, USA.

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