CANADA STOCKS-TSX may open higher, Spain reforms eyed

Fri Sep 21, 2012 8:23am EDT
 
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Sept 21 (Reuters) - Canadian stock futures pointed to a slightly higher open, with investors encouraged by Spain's efforts to cut spending in anticipation of an international sovereign aid package.

TOP STORIES

* Spain is considering freezing pensions and speeding up a planned rise in the retirement age as it races to cut spending and meet conditions of an expected international sovereign aid package, sources with knowledge of the matter said.

* Research In Motion Ltd suffered service problems in Europe, just as its key rival Apple Inc started sales of its new iPhone around the world.

* iPhone aficionados queued around city blocks to get their hands on Apple Inc's new iPhone 5 - but complaints about inaccurate maps and the lack of a mobile wallet feature were voiced amid the excitement.

* The Canadian Auto Workers union said it reached a tentative four-year contract with General Motors Co, after a day of fighting words from union leader Ken Lewenza and hours of grueling negotiations.

* A Federal Reserve policymaker, who has long argued that pushing too hard to get Americans back to work risks inflation, pitched a bold proposal on Thursday to keep interest rates low until unemployment falls sharply.

MARKET SNAPSHOT

* Canada stock futures traded down 0.04 percent   Continued...