CANADA STOCKS-TSX set to open lower as commodities weigh

Fri Mar 2, 2012 8:23am EST
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March 2 (Reuters) - Canada's main stock index was set for a lower open on Friday, as commodity prices including gold and oil fell and Thursday's global equity rally sparked by a European Central Bank cash injection lost steam.


* Canadian equity futures pointed to a lower open.

* Futures on the S&P 500 edged lower in sparse volume in a light day on the economic calendar but were still on track to close their ninth straight week of gains, the longest such run since January 2004.

* European shares turned negative and safehaven German bonds extended gains, after Spain signaled it will aim for a higher deficit this year than previously agreed with the European Union.


* The Thomson Reuters-Jefferies CRB index, a global commodities benchmark, fell 0.43 percent in early trade.   Continued...