CANADA STOCKS-TSX to open higher on Spain bank aid

Mon Jun 11, 2012 8:20am EDT
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June 11 (Reuters) - Toronto's main stock index appeared headed for a higher open on Monday, tracking global markets and rising commodity prices, after a rescue package for Spain's banking sector eased recent tensions over the country's debt crisis.


* Euro zone finance ministers agreed on Saturday to lend Spain up to 100 billion euros to shore up its teetering banks and Madrid said it would specify precisely how much it needs once independent audits report in just over a week.

* Singapore state investor Temasek Holdings has taken a 5.5 percent stake in Canada's Ivanhoe Mines valued at $426 million, increasing its bet on resources firms.

* Canadian oil and gas producer Niko Resources Ltd plugged and abandoned the Candralila-1 well in western Indonesia without reaching the target depth of 1,875 meters due to mechanical problems.

* Indonesia has granted permission to Freeport McMoRan Copper & Gold Inc to export unprocessed ore, after the government imposed new rules on mining exports, the company said.

* U.S. conglomerate United Technologies Corp has offered to sell assets to secure EU regulatory approval for its $16.5 billion takeover of U.S. aircraft components maker Goodrich, a person familiar with the matter said.

MARKET SNAPSHOT   Continued...