CANADA STOCKS-TSX may open higher bouyed by 'Fiscal Cliff' talks

Mon Nov 19, 2012 8:17am EST
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Nov 19 (Reuters) - Canada's resource heavy index looked set to open higher on Monday, tracking global markets and supported by a rally in commodities, as U.S. lawmakers agreed on settling policy differences to avert the impending 'fiscal cliff' crisis.


* Republican and Democratic congressional leaders emerged from a meeting with President Barack Obama on Friday pledging to find common ground on taxes and spending that would allow them to avert an upcoming "fiscal cliff" that could send the economy back into recession.

* Hundreds of people who say they worry oil that would be carried by the Keystone XL pipeline will accelerate climate change marched around the White House on Sunday, hoping to revive a movement credited with slowing down the permit process for the crude oil project.

* BP Plc plans to spend up to 3.7 billion pounds buying back its shares after agreeing last week to pay record criminal penalties over the Deepwater Horizon disaster, Britain's Sunday Times said in an unsourced report.

* Lowe's Cos Inc reported a higher third-quarter profit as preparation and rebuilding efforts tied to superstorm Sandy boosted sales at the world's No. 2 home improvement chain.

* Europe's powerhouse Germany will likely lose further momentum at year-end as its economy is now feeling the brunt of the euro zone debt crisis and a global slowdown, the Bundesbank said.


* Canada stock futures traded up 0.29 percent   Continued...