CANADA STOCKS-TSX may open lower despite global recovery hopes

Thu Mar 14, 2013 8:29am EDT
 
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March 14 (Reuters) - Toronto's stock index looked set to open lower even as positive U.S. retail sales helped bolster hopes of a global economic recovery.

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* Soaring unemployment and biting austerity will top the agenda at a summit of EU leaders, with the social consequences of the region's debt crisis now seen as the greatest threat to the survival of the single currency.

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* China's parliament formally elected heir-in-waiting Xi Jinping as the country's new president.

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MARKET SNAPSHOT   Continued...