(RTTNews) - Canadian stocks could fall at the opening bell Thursday and give back some of yesterday’s notable gains as metal prices saw weakness in the early going.

Gold prices dropped $13.70 to $1,051.00 per ounce, after reaching above $1,070 yesterday. Copper dropped 4.9 cents to $2.7955 a pound and silver lost 43.3 cents to $17.47 an ounce. Oil was flat a little above $75 per barrel.

In corporate news, Capital Gold Corp. (CGC.TO) said its full-year net income rose to $10.40 million or $0.05 per share from $6.36 million or $0.03 per share in the prior year period.

BlackBerry maker Research In Motion Ltd. (RIM.TO) and Vodafone launched Thursday BlackBerry Storm2, the second generation of RIM’s touch-screen smartphone, in seven European countries as well as South Africa.

Vasogen (VAS.TO) reported third-quarter net loss of C$1.2 million or C$0.05 per share, compared to a net loss of C$2.6 million or C$0.12 per share last year.

On the economic front, Canadian manufacturing shipments fell 2.1% in the month of August. A decline of 1.6% was forecast for August, compared to a revised increase of of 5.2% in July.

On Wednesday, the S&P/TSX Composite Index gained 119.24 points or 1.04% to move at 11,532.78. The increase was the first in three sessions for the market.

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

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