CANADA STOCKS-TSX may open higher, global growth outlook supports

Wed Jan 15, 2014 8:22am EST
 
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Jan 15 (Reuters) - Canada's main stock index looked set to extend previous session's gains on Wednesday, mirroring global markets, after the World Bank's positive global growth outlook buoyed investor sentiment.

TOP STORIES

* The World Bank on Tuesday raised its forecast for global growth for the first time in three years as advanced economies started to pick up pace, led by the United States.

* Bank of America, the second-largest U.S. bank, reported an eight-fold jump in fourth-quarter profit, driven by a steep fall in provisions to cover bad loans.

* Auto parts maker Magna International Inc forecast 2014 sales below analysts' expectations due to lower revenue in its complete vehicle assembly business.

* Deutsche Bank, Germany's biggest bank, suspended several currency traders in New York in an internal probe, part of an international investigation into alleged manipulation of the global currency markets, a source familiar with the matter said.

* A Japan Airlines Boeing 787 Dreamliner remained grounded at Tokyo's Narita International Airport as regulators demanded checks to see if the aircraft was fit to fly, a day after white smoke vented from the plane and a battery cell showed signs of melting.

MARKET SNAPSHOT

* Canada stock futures traded up 0.06 percent   Continued...