CANADA STOCKS-TSX may open higher as commodities edge up

Wed Mar 13, 2013 8:27am EDT
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March 13 (Reuters) - Toronto's main stock index looked set to open slightly higher on Wednesday, helped by a rise in prices for commodities including gold, copper and U.S. oil.


* Output at euro zone factories fell more than expected at the start of 2013 and production in France and Germany slipped in the latest sign the bloc is struggling to emerge from recession.

* Italy's three-year borrowing costs rose to their highest since December after Fitch cut its credit rating last week, but the country also managed to sell the top planned amount of a new 15-year bond.

* Transcontinental Inc reported a 5 percent rise in first-quarter adjusted profit, helped by the acquisition of Quad/Graphics Canada Inc.

* Air Canada won a seven-year extension on Tuesday of the cap on special payments to erase its sizeable pension fund deficit, over the objection of its smaller rivals, but will have to make higher payments than it originally requested and abide by certain conditions.

* The U.S. government is investigating top global miner BHP Billiton Ltd for possible corrupt practices, the company confirmed, after media reports said it was being probed for its sponsorship of the 2008 Beijing Olympics.


* Canada stock futures traded up 0.04 percent   Continued...