CANADA STOCKS-TSX may open higher; Fed meeting, Brookfield eyed

Mon Jun 17, 2013 8:56am EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

June 17 (Reuters) - Canadian stock index futures pointed to a higher open on Monday, with investors focused on the Federal Reserve's two-day policy meeting, starting Tuesday, which could offer clues about its monetary easing program.


* Brookfield Asset Management Inc said it will sell its Longview Timber holdings in the U.S. Pacific Northwest to Weyerhaeuser for $2.65 billion, including assumption of debt, and will sell a nearby paper and packaging business to KapStone Paper and Packaging Corp for $1.025 billion.

* German wages rose at their fastest pace in almost four years at the start of 2013 and euro zone exports jumped in April, giving the bloc a basis for a recovery from its long recession.

* Boeing will launch a larger version of its lightweight 787 Dreamliner this week with up to 100 orders worth just under $30 billion, industry sources said on Sunday.

* Cinven Ltd has agreed to buy CeramTec for 1.49 billion euros, beating rival private equity firm BC Partners Ltd in bidding for the Germany-based industrial ceramics unit of U.S. chemicals maker Rockwood Holdings.

* Facebook and Microsoft have struck agreements with the U.S. government to release limited information about the number of surveillance requests they receive, a modest victory for the companies as they struggle with the fallout from disclosures about a secret government data-collection program. .


* Canada stock futures traded down up around 0.59 percent   Continued...