CANADA STOCKS-TSX may open higher, U.S. data eyed

Mon Apr 1, 2013 8:27am EDT
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April 1 (Reuters) - Canada's main stock index looked set to open slightly higher on the first trading day of the quarter as investors wait for signs of improvement in the world's largest economy ahead of U.S. purchasing managers and manufacturing data.


* Stronger domestic demand helped China's factory activity to rebound in March, with new orders up sharply in a sign that the underlying economic recovery is strong enough to weather any risks from patchy export performance, surveys showed

* Exxon Mobil on Sunday continued cleanup of a pipeline spill that spewed thousands of barrels of heavy Canadian crude in Arkansas as opponents of oil sands development latched on to the incident to attack plans to build the Keystone XL line.

* A U.S. shareholder lawsuit accusing smartphone manufacturer BlackBerry of seeking to fraudulently obscure its falling market position was dismissed on Friday.

* Major depositors in Cyprus's biggest bank will lose around 60 percent of savings over 100,000 euros, its central bank confirmed on Saturday, sharpening the terms of a bailout that has shaken European banks but saved the island from bankruptcy.

* Suncor Energy Inc received a corrective action order from Alberta's environment department on Thursday, two years after a pond that discharges treated water into the Athabasca River failed a waste-water toxicity test.