CANADA STOCKS-TSX may open lower on Greece bailout uncertainty

Wed Nov 21, 2012 8:21am EST
 
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Nov 21 (Reuters) - Canada's main stock index looked set to open lower on Wednesday, after Greece's lenders failed to agree on emergency aid and concern over the U.S. fiscal crisis dented ' sentiment. Trade is likely to be muted ahead of the U.S. Thanksgiving holiday.

TOP STORIES

* German Chancellor Angela Merkel said she sees a chance for a deal to release emergency aid for Greece at a meeting of European finance ministers on Monday, but rejected the idea that bold actions could solve Europe's crisis overnight.

* European Union antitrust regulators are set to clear Glencore's $32 billion takeover of miner Xstrata after the commodities trader satisfied concerns over zinc by ending a sales contract, sources familiar with the matter said.

* Federal Reserve Chairman Ben Bernanke said 2013 could be a "very good year" for the U.S. economy if politicians can strike a quick deal to avoid the so-called fiscal cliff.

* Deere & Co reported a higher quarterly profit as stronger machinery sales in North America offset weaker international demand, and it forecast higher sales and earnings in fiscal 2013.

* Research In Motion Ltd, for months enveloped by a wave of negative sentiment, got a boost when one of its most influential critics raised his rating on the stock ahead of the launch of RIM's make-or-break new line of BlackBerry 10 devices.

MARKET SNAPSHOT

* Canada stock futures traded down 0.09 percent   Continued...