CANADA STOCKS-TSX may open higher as BOJ begins bond buying

Mon Apr 8, 2013 8:10am EDT
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April 8 (Reuters) - Canada's main stock index looked set to open slightly higher as the start of the Bank of Japan's bond-buying program as part of its aggressive monetary policy boosts investor sentiment.


* German industrial output rebounded on increases in capital goods and energy production, but a sharp downward revision of the January figure exposed weakness to start the year.

* Euro zone sentiment fell for a second consecutive month in April due to concerns over the Cyprus bailout, Sentix research group said.

* Portugal's government will cut spending to meet targets agreed with its lenders after a court overturned key austerity measures, Prime Minister Pedro Passos Coelho said on Sunday.

* Canada is investigating a report that its largest bank, Royal Bank of Canada, is using temporary foreign workers hired by an outsourcing company to effectively replace existing staff, a situation the government said it would not accept.

* Voter fatigue with Canada's ruling Conservatives and signs of stress within the government are putting Prime Minister Stephen Harper under pressure to freshen up his team and policies.

MARKET SNAPSHOT   Continued...