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Sept 1 (Reuters) - Toronto's main stock index looked set to open higher on Wednesday as commodity prices got a boost from news that manufacturing growth accelerated last month in China, the world biggest resource consumer.
* Canadian equity futures <0#SXF:> pointed to a higher open.
* China's manufacturing economy staged a moderate rebound in August after slowing for several months under the onslaught of government measures to rein in credit and deter property speculation. [ID:nTOE68001O]
* U.S. stock index futures rose on Wednesday as new signs of growth in China and Australia eased concerns about the global economy. [.N]
* European shares advanced to a near two-week high, with mining shares among the gainers. [.EU]
* Asian stocks rose as investors cheered a manufacturing rebound in China though Shanghai stocks slipped on profit taking and concerns about shrinking profit margins.
* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, rose 0.73 percent in early trade.
* Oil rose to $72 per barrel on Wednesday after news Chinese manufacturing growth accelerated last month, easing concerns over the pace of economic recovery. [O/R]
* Gold and silver hit multi-month highs in Europe on Wednesday, with gold breaking above $1,250 an ounce for the first time since late June, as investors bought the metals amid concerns over the pace of U.S. economic growth. [GOL/]
* Copper hit its highest in more than four months on the back of a rebound in manufacturing in China, the world's biggest copper consumer, boosting sentiment that has been clouded by recent poor U.S. data. [MET/L]
* Canada's dollar recovered some lost ground against the U.S. currency on Wednesday, while bond prices fell as risk appetite was revived on strong overseas data, offsetting concerns about the world economic recovery. [CAD/]
* Potash Corp (POT.TO): China may launch an antimonopoly probe into BHP Billiton's (BHP.AX) (BLT.L) $39 billion bid for Canada's Potash Corp, the China Business News said on Wednesday, citing a source familiar with the matter. [ID:nSGE68008P]
* Bombardier Inc (BBDb.TO): The world's No. 3 commercial aircraft maker, on Wednesday reported a 27 percent drop in quarterly profit, hurt by weakness at its aerospace and transportation segments, and said the economic uncertainty continued to hurt its aerospace unit. [ID:nSGE6800EU]
* Uranium One UUU.TO: Shareholders of Uranium One voted on Tuesday in favor of a deal to sell a controlling stake in the company to Russian state-owned miner ARMZ in exchange for cash and shares in two Kazakh mines. [ID:nN31247338]
* Boralex Inc (BLX.TO): A unit holder in Boralex Power Income Fund BPT_u.TO filed a legal action against the trust and its suitor Boralex Inc, seeking to enforce a clause that requires 90 percent independent unit holders' acceptance for the deal to go through. [ID:nSGE67U0JP]
* Enbridge Inc (ENB.TO): Enbridge has moved a step closer to restarting an oil pipeline that ruptured in Michigan last month after a pressure test revealed no leaks, a spokeswoman said on Tuesday. [ID:nN31253630]
* Canadian Natural Resources Ltd (CNQ.TO): The country's biggest independent oil explorer, said it expects August production volumes at its Horizon oil sands project to fall sequentially, and reported July volumes below its estimates. [ID:nSGE6800FX]
* Calloway Real Estate Investment Trust CWT_u.TO: The REIT said it agreed to buy two new Wal-Mart (WMT.N) anchored shopping centers in Ontario and Quebec for C$131 million ($124 million). [ID:nSGE67U0K2]
Following is a summary of research actions on Canadian companies reported by Reuters. [RCH/CA]
* Bank of Nova Scotia (BNS.TO) target price cut to C$54 from C$55; rating neutral at Macquarie
$1=$1.06 Canadian Reporting by Bangalore newsroom, editing by Bhaswati Mukhopadhyay and Jeffrey Hodgson