CANADA STOCKS-TSX to open up as commodities rally, Greece eyed

Thu Mar 8, 2012 8:39am EST
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March 8 (Reuters) - Toronto's main stock index looked set to open higher on Thursday, as commodity prices rallied on optimism Greece would pull off a critical bond swap deal.

Global share markets staged big gains as investors took heart from signs that Greece would complete the much needed private debt swap to avoid a chaotic default.


* Canadian equity futures pointed to a higher open.

* Bank of Canada rate decision: Sluggish domestic growth and uncertainty about the global economy will likely keep the Bank of Canada from raising rates until the second quarter of 2013, according to a Reuters survey.

* U.S. stock index futures jumped after a Greek official reported a strong uptake by investors for a debt swap that faces a deadline later in the day.

* European shares gained for a second day, moving further from one-month lows on optimism that Greece would win support from private creditors to avoid a messy default, with charts signaling more gains.