CANADA STOCKS-TSX may open higher, Bernanke's speech eyed

Mon Jan 14, 2013 8:36am EST
 
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Jan 14 (Reuters) - Toronto's main stock index looked set to open slightly higher on Monday, with investors cautious ahead of Federal Reserve Chairman Ben Bernanke's speech later in the day that might signal prospects for monetary easing.

TOP STORIES

* Harry Winston Diamond Corp is selling its high-end watches-to-necklaces division to Swatch, in a $750 million cash deal that expands the Swiss watchmaker's luxury offering and lets the Canadian group concentrate on its diamond mines.

* Alamos Gold said it will buy Aurizon Mines Ltd for about C$780 million in cash and stock to get access to Aurizon's only operating gold mine, Casa Berardi, in northern Quebec.

* The U.S. economy is expected to grow by 2.5 percent in 2013, improving to 3.5 percent growth in 2014, top Fed official Charles Evans said.

* SKF, the world's biggest bearings maker, is cutting 2,500 jobs to cope with weaker demand, underscoring the bleak outlook for manufacturers as Europe drives through austerity measures to reduce its debts.

* British Prime Minister David Cameron played down the prospect of a near-term referendum on Britain's membership of the European Union, ahead of a long-awaited speech on the issue he is expected to deliver next week.

MARKET SNAPSHOT   Continued...