Canadian Stocks In Doldrums Despite Oil Rally -- Canadian Commentary

(RTTNews) - Canadian stocks look to break out of a recent funk Thursday, but early signs indicate some lingering jitters on Bay Street.

The S&P/TSX Composite was flat yesterday to close at 14,697.60

Valeant Pharmaceuticals International, Inc. (VRX, VRX.TO) said it has obtained the requisite lender approval for an amendment to its credit facility.

The company expects to close the amendment next week, subject to customary closing conditions.

Meanwhile, women's fashion retailer Aritzia aims to make its Toronto IPO.

Crude oil futures continued to rise amid speculation that Saudi Arabia is nearing a deal with Russia to curb prodcution.

WTI crude oil for September was up 30 cents at $47 a barrel, the highest in four weeks.