CANADA STOCKS-TSX may open higher on brighter economic prospects

Mon Jan 28, 2013 8:53am EST
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Jan 28 (Reuters) - Canadian stock index futures pointed to a higher open on Monday, mirroring expected Wall Street gains, after recent global economic data suggested the world's biggest economies are on their way to recovery.


* Caterpillar Inc reported a 55 percent drop in quarterly profit as customers sold off existing inventories rather than buy new machines.

* Yield-hungry investors bought 6.63 billion euros of two new Italian bonds at an auction, just less than the top-targeted amount, shrugging off uncertainty ahead of next month's election.

* Nordion said it has initiated a review of its strategic alternatives, almost four months after it suspended its dividend as an arbitration panel rejected its claim for damages from its main supplier.

* Japan's government stepped in to give Boeing Co's now-grounded 787 Dreamliner and its made-in-Japan technology a boost in 2008 by easing safety regulations, fast-tracking the rollout of the groundbreaking jet for Japan's biggest airlines, according to records and participants in the process.

* Toyota regained the crown as the world's top selling automaker in 2012, posting record-high sales and beating rivals General Motors and Volkswagen.

* Loans to companies and households in the euro zone contracted for the eighth month running in December, showing low official borrowing costs are having little success in reviving investment and spending.   Continued...