CANADA STOCKS-TSX may open lower, G7 and Bank of Canada eyed

Tue Jun 5, 2012 8:19am EDT
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June 5 (Reuters) - Toronto's main stock index looked set to open lower on Tuesday as investors await the outcome of emergency G7 finance chiefs' discussions and the Bank of Canada's rate decision.


* Germany is likely to come under severe pressure to do more to stimulate growth and help the euro zone on a conference call between finance ministers of the world's major economies on Tuesday, a senior G7 source told Reuters.

* The Bank of Canada may signal that it is more reluctant to raise interest rates than it was seven weeks ago, without completely reversing its message that Canadians must prepare for higher borrowing costs down the road.

* Spain said credit markets were closing to the euro zone's fourth biggest economy as finance chiefs of the Group of Seven major economies were to hold emergency talks on the currency bloc's worsening debt crisis.

* Russian state firm Rosneft has hired a former TNK-BP executive to run its refining and marketing businesses, sources close to the companies said, bolstering a management team as BP pursues the sale of a stake in the country's No.3 oil producer.


* Canada stock futures traded down 0.28 percent

* U.S. stock futures , , were down around 0.24-0.38 percent   Continued...