CANADA STOCKS-TSX set to open higher, helped by commodity price gains

Thu Mar 7, 2013 8:54am EST
 
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March 7 (Reuters) - Toronto's main stock index looked set to open higher on Thursday, helped by a rise in the price of U.S. crude and other commodities.

TOP STORIES

* The Bank of England decided not to pump more money into Britain's ailing economy in what is likely to have been a close-run decision.

* The European Central Bank held its main interest rate at a record low of 0.75 percent.

* Canadian Natural Resources Ltd reported a 58 percent fall in fourth-quarter profit after booking a foreign exchange-related loss but the company raised its quarterly dividend.

* Rosneft, Russia's top crude producer, has signed long-term crude supply contracts with commodity traders Glencore International and Vitol for supply of up to 67.0 million tonnes of crude. The deal entails a $10 billion prepayment to Rosneft before supplies start.

* Dell Inc said shareholder Carl Icahn has urged the company to pursue a leveraged recapitalization and pay a $9 per share dividend instead of going private.

MARKET SNAPSHOT

* Canada stock futures traded down around 0.01 percent   Continued...