CANADA STOCKS- Euro zone tensions may weigh on TSX at open

Wed Apr 18, 2012 8:23am EDT
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April 18 (Reuters) - Toronto's main stock index looked set to open lower, taking cues from euro zone counterparts, as worries about the region's debt crisis offset positive U.S. corporate results.


* Fears of a resurgence in the euro zone debt crisis boosted demand for safe-haven German bonds on Wednesday, while the Bank of England and a European Central Bank official signaled more monetary policy easing measures were unlikely.

* SXC Health Solutions Corp said it will buy pharmacy benefit manager Catalyst Health Solutions Inc for about $4.4 billion in cash and stock, to expand its presence in the business of paying and processing prescription drug claims.

* Canadian grocer Metro Inc reported a 12 percent rise in quarterly profit, helped by higher sales.

* Canada's Alimentation Couche-Tard Inc is to buy Norwegian company Statoil Fuel and Retail ASA (SFR) for an agreed 15.9 billion crowns to gain a foothold in Europe's top-performing economies.

* Nestle, the world's biggest food group, is closing in on a deal to buy Pfizer's infant nutrition business for up to $10 billion to boost its business in China and extend its lead in the world of formula milk for babies, sources familiar with the matter said on Wednesday.