CANADA STOCKS-TSX may open higher on stimulus hopes

Mon Aug 13, 2012 8:44am EDT
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

Aug 13 (Reuters) - Canada's resource heavy main stock index looked set to open higher with most commodity prices rising, as disappointing economic data from Asia and Europe led investors to bet on stimulus measures from major central banks.

TOP STORIES

* Japan's economy expanded just 0.3 percent in April-June, half the pace expected, raising doubts about the strength of the recovery as a rebound in consumer spending loses momentum and Europe's debt crisis weighs on worldwide demand.

* Greece's economy contracted 6.2 percent in the second quarter as belt-tightening to slash deficits continued to take a toll, hampering efforts to meet targets set by the country's international lenders for continued bailout funding.

* Research In Motion : The BlackBerry maker is looking to sell cloud services provider NewBay and some of the other minor assets it recently acquired, as part of a strategic review process, according to a source familiar with the matter.

* Oilfield services provider Ensign Energy Services Inc reported a 16 percent rise in quarterly net profit on increased drilling in its international and U.S. markets but said it expects activity levels in North America to fall through the rest of the year.

* Canadian miner AuRico Gold Inc reported a 10 percent fall in profit on lower gold production.   Continued...