CANADA STOCKS-TSX set to edge higher at open, commodities firm

Mon Nov 15, 2010 8:48am EST
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Nov 15 (Reuters) - Toronto's main stock index looked set to open slightly higher on Monday, helped by firmer commodity prices, but investors remain vigilant after BHP Billiton scrapped its $39 billion bid for Potash Corp.


* Canadian equity futures <0#SXF:> pointed to a higher open.

* U.S. stock index futures trimmed gains on Monday after data showed October retail sales were stronger than forecast but manufacturing growth in New York declined in November. [.N]

* European shares edged higher as strong euro zone export growth overshadowed worries over the euro zone periphery's ability to manage its debt, with miners recovering from earlier losses. [.EU]


* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, rose 0.32 percent in early trade.

* Oil rebounded towards $86 a barrel after falling sharply from a more than two-year high last week as risk appetite improved and investors looked beyond Irish debt worries to signs of rising fuel demand. [O/R]

* Gold held near $1,365 an ounce in Europe, steadying after its biggest one-day fall since July 1 in the previous session, as concerns over euro zone sovereign debt levels offset strength in the dollar. [GOL/]   Continued...