CANADA STOCKS-TSX may open lower on sobering view of U.S economy

Mon Dec 6, 2010 8:51am EST
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 Dec 6 (Reuters) - Toronto's main stock index looked set to
open slightly lower on Monday after U.S. Federal Reserve
Chairman Ben Bernanke offered a more sobering view of the
economy of Canada's largest trading partner.
 * Canadian equity futures <0#SXF:> pointed to a lower
 * U.S. stock index futures fell after Federal Reserve
Chairman Ben Bernanke offered a more sobering view of the
economy and investors were set to lock in profits after a
strong performance last week. [.N]
 * European shares were flat at midday with optimism that
the U.S. Federal Reserve may pump more funds into the economy
offset by uncertainty over the result of a meeting of euro zone
finance ministers [.EU]
* Markets in Asia were largely low as poor U.S. jobs data
released on Friday dented confidence of economic recovery.
 * The Thomson Reuters-Jefferies CRB index .CRB, a global
commodities benchmark, was nearly unchanged in early trade.
 * Oil eased from a 26-month high near $90 as the dollar
strengthened, countering support from talk of higher demand
caused by cold weather in Europe and parts of the United
States. [O/R]
 * Gold held near its highest since mid-November as
speculation U.S. authorities will have to further extend
monetary easing and concerns over euro zone debt boosted
interest in the metal as a haven from risk. [GOL/]
* Copper steadied, with economic sentiment supported by the
U.S. Federal Reserve chairman saying more quantitative easing
was possible, but a weak euro and worries about debt problems
in Europe kept optimism in check. [MET/L]
 * Fairfax Financial Holdings Ltd. FFH.TO: The company,
which deals in property and casualty insurance and reinsurance,
said it agreed to acquire Malaysian insurer The Pacific
Insurance Berhad for about $64 million. [ID:nSGE6B20BU]
 * Research in Motion RIM.TO: The Indian government is
talking to companies which are using the BlackBerry makers'
phone, to gain access to their employees' secure communications
when it is deemed necessary, an official told the WSJ.
 * NorthWest Healthcare Properties Real Estate Investment
Trust NWH_u.TO: The trust, which owns medical office
buildings and healthcare real estate, said on Friday it agreed
to buy Dundas-Edward Centre, a complex housing medical,
professional and government tenancies, in Toronto, for C$103
million, to expand its asset portfolio. [ID:nSGE6B20BV]
 * Intermap Technologies Corp. IMP.TO: The digital mapping
company said on Monday it appointed Todd Oseth as its CEO,
effective Monday. [ID:nSGE6B508X]
 * Crowflight Minerals Inc. CML.TO: The junior nickel
miner said its CEO Mark Trevisiol resigned, and the company
named Kevin Zhu as its interim CEO. [ID:nASA0173K]
 * ProspEx Resources Ltd. PSX.TO: The junior oil and gas
company said it agreed to sell certain undeveloped mineral
rights in Alberta to a private company for C$8.1 million in
cash, to focus on development of its liquids rich natural gas
assets and add to its 2011 capital program. [ID:nSGE6B508F]
 * Canlan Ice Sports Corp. ICE.TO: The recreational and
entertainment facilities operator said its board approved the
introduction of a quarterly dividend and set a dividend at
C$0.015 cents per common share and said it would be paid on
January 17, to shareholders of record Dec. 15. [ID:nSGE6B50A7]
 Following is a summary of research actions on Canadian
companies reported by Reuters. [RCH/CA]
 * Canadian Oil Sands Trust COS_u.TO rating cut to market
perform from outperform at Raymond James
 * Killam Properties KMP.TO price target raised to C$11.20
from C$11; rating outperform at Raymond James
 * RBC RY.TO rating cut to market perform from outperform
at KBW
($1= $1.01 Canadian)
 (Reporting by Kishan Nair and Bangalore Newsroom; Editing by
Jeffrey Hodgson)