CANADA STOCKS-TSX may open higher, policymakers eyed

Mon Aug 20, 2012 8:29am EDT
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Aug 20 (Reuters) - Canadian stock futures pointed to a slightly higher open, with investors awaiting more clues from the central banks, especially on the shape of a European Central Bank bond-buying program.


* The European Central Bank sought to quash speculation about the shape of its planned bond-buying program, after Germany's Der Spiegel said the ECB was considering buying euro zone country bonds if their interest rate exceeded a certain premium over German bonds. The ECB said it was misleading to talk about decisions that had not yet been taken.

* A quarter of the workforce returned to South Africa's Marikana platinum mine where 44 men were killed last week in clashes that evoked memories of apartheid-era violence.

* Gold-focused royalty company Franco-Nevada Corp said it will provide $1 billion to Inmet Mining Corp for the development of its Cobre Panama copper-gold project in Panama.

* A Greek exit from the euro zone would be manageable, European Central Bank policymaker Joerg Asmussen was quoted as saying, although he would prefer it if Greece remained within the single currency bloc.

* Insurer Aetna Inc said it will buy rival Coventry Health Care Inc for $5.6 billion in cash and stock to boost its share of government business and benefit from U.S. healthcare reforms.

MARKET SNAPSHOT   Continued...