TORONTO, Nov 11 (Reuters) - Toronto's main stock market index could open stronger on Wednesday as gold flirts with the possibility of reaching a new record high, but activity could be light as some North American markets are closed for a holiday.

The resource-heavy S&P/TSX composite index .GSPTSE could also get a boost from firmer oil prices as the price of crude climbed on the back of a weak U.S. greenback.

The Canadian bond market and government offices are closed for Remembrance Day, while Canadian stocks trade normal hours. The U.S. bond market and government offices are also closed.

Toronto's main stock index fell for the first time in six sessions on Tuesday as investors cashed in recent profits and weaker oil prices pressured energy companies. [nN10325326]

Here is some of the news that may affect the market:

GOLD HITS RECORD HIGH

Gold hit a record high near $1,120 an ounce on Wednesday as a dollar index .DXY fell to 15-month lows, with expectations that a U.S. economic recovery will be erratic seen keeping American interest rates low for a while. [ID:nLB394090]

OIL FIRMS

Oil firmed above $79 on Wednesday as a 15 month low in the dollar diverted investors' focus from fundamentals, with weekly U.S. government inventory data being delayed by one day to Thursday. [ID:nSIN477862]