CANADA STOCKS-TSX may open higher, FOMC minutes eyed

Wed Jul 11, 2012 8:51am EDT
 
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July 11 (Reuters) - Toronto's main stock index looked set to open stronger, tracking Wall Street higher, as commodity prices rose ahead of the release of minutes from the recent Federal Reserve meeting.

TOP STORIES

* As Chesapeake Energy Corp and Encana Corp face antitrust investigations, emails reviewed by Reuters indicate that top executives of the two rivals shared sensitive information that gave Chesapeake the upper hand in deals with Michigan land owners.

* Prime Minister Mariano Rajoy announced a swathe of new taxes and spending cuts on Wednesday designed to slash 65 billion euros from the budget deficit by 2014 as recession-plagued Spain struggles to meet tough targets agreed with Europe.

* Economic growth across emerging markets eased in the second quarter of 2012, dragged down by lackluster manufacturing sector activity, especially in China and Brazil, a survey showed.

* Excellon Resources Inc The silver miner said mining operations at its La Platosa mine in Durango, Mexico was halted following an "illegal action" by local landowners at the site on Monday.

* Goldcorp Inc. : The gold miner revised its 2012 gold production outlook lower on Tuesday due to operational problems at its Red Lake mine in Ontario and its Penasquito mine in Mexico.

MARKET SNAPSHOT   Continued...