CANADA STOCKS-TSX may open higher on positive German business data

Fri Feb 22, 2013 8:28am EST
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Feb 22 (Reuters) - Toronto's main stock index looked set to open higher on Friday, breaking a losing streak and mirroring its U.S. and European counter parts, as better-than-expected German business sentiment cheered investors.


* Canadian consumer prices are expected to have risen in January after two months of declines, but the annual inflation rate will ease to a three-year low of 0.7 percent, likely keeping the central bank on the sidelines throughout 2013.

* German business morale surged at its fastest pace in over two years in February, pushing higher for a fourth consecutive month and pointing to a solid recovery in Europe's largest economy after a dismal end to 2012.

* Banks will repay the European Central Bank 61.1 billion euros in the second of two 3-year loans they took a year ago, handing back less than expected in a sign much of the euro zone financial system is still reliant on ECB funds.

* Eldorado reported on Friday a boost in fourth quarter profit, as increased gold sales outweighed higher operating costs.

* Agrium Inc reported a record profit for the fourth quarter on Thursday, handily beating expectations due to higher demand for crop protection products and fertilizer from farmers, ahead of a proxy battle with its largest shareholder.


* Canada stock futures traded up 0.1 percent   Continued...