CANADA STOCKS-TSX may open higher as Greece concerns ease

Mon May 28, 2012 8:37am EDT
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May 28 (Reuters) - Canada's main stock index is expected to rise for the fifth straight session as commodity prices gained, cheered by opinion polls suggesting Greece's pro-bailout parties will be able to form a government committed to keeping the country in the euro.


* Greece's conservatives have regained an opinion poll lead that would allow the formation of a pro-bailout government committed to keeping the country in the euro zone, a batch of new surveys showed on Saturday.

* Spain may recapitalize Bankia with Spanish government bonds in return for shares in the bank which last week asked for rescue funding of 19 billion euros, a government source said on Sunday.

* Research In Motion Ltd is preparing for a major restructuring beginning in the next couple of weeks that will see it eliminate at least 2,000 jobs worldwide, the Globe and Mail reported on Saturday, citing unnamed sources.

* Talks between Canadian Pacific Railway Ltd and the union representing 4,800 striking locomotive engineers have broken down, paving the way for the government to bring in legislation forcing them back to work, the company said on Sunday.


* Canada stock futures traded up 0.79 percent   Continued...