CANADA STOCKS-TSX may open higher, miners in focus

Thu Aug 16, 2012 8:09am EDT
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Aug 16 (Reuters) - Canada's main stock index looked set to open higher on Thursday, after hitting a one-month high on Wednesday. But investors are waiting for clues from major central banks on economic stimulus, so any gains could be limited.

Mining shares could be in focus after Barrick Gold said it was in talks with China National Gold Group Corp over its 74 percent stake in UK-listed unit African Barrick Gold. TOP STORIES

* China's trade outlook for 2012 is worsening, darkened especially by growing problems in Europe, the Commerce Ministry said as it revealed the longest run of falling inward investment growth since the 2008-09 global crisis.

* Canadian mining major Barrick Gold is in talks to sell all or part of its 74 percent stake in African Barrick Gold to China's largest gold producer, just two years after it spun off the underperforming Tanzanian assets.

* Growth in Germany's exports will halve to 4 percent this year due to the recession in the euro zone, the German Chambers of Industry and Commerce said.

* BHP Billiton said jobs could go at its Australian coal mines as the market weakens, the latest sign of global miners scaling back operations due to slowing industrial activity in China.

* Wal-Mart Stores Inc said full-year earnings could fall short of Wall Street expectations, even as the world's largest retailer posted a bigger-than-expected jump in quarterly profit.


* Canada stock futures traded up 0.34 percent   Continued...