CANADA STOCKS-TSX may open higher ahead of Fed

Tue Sep 21, 2010 8:45am EDT
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Sept 21 (Reuters) - Toronto's resource-heavy stock market looked set to open higher on Tuesday ahead of a U.S. Federal Reserve meeting that might herald easier monetary policy, which could help boost commodity prices.


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

* The Canadian dollar fell to a session low against the U.S. currency after Canada's annual inflation rate in August slowed, suggesting the Bank of Canada may pause in its interest rate hiking campaign. [CAD/]

* U.S. stock index futures were slightly firmer with investors largely waiting to see if the Federal Reserve changes its monetary easing policy at a meeting later in the day. [.N]

* European shares were slightly higher by midday in choppy trading. [.EU]

* Most markets in Asia rose but Nikkei bucked the trend on profit-taking.


* The Thomson Reuters-Jefferies CRB index .CRB, global commodities benchmark, rose 0.15 percent in early trade.   Continued...