CANADA STOCKS-TSX may open higher after Greek deal

Tue Nov 27, 2012 8:45am EST
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

Nov 27 (Reuters) - Canada's main stock index looked set to open higher on Tuesday after euro zone finance ministers and the International Monetary Fund reached an agreement on a new debt target for Greece, paving way for the next tranche of aid.


* Republicans in the U.S. Congress on Monday called on President Barack Obama to detail long-term spending cuts to help solve the country's fiscal crisis, while holding firm against the income tax rate increases for the wealthy that Democrats seek.

* Euro zone finance ministers and the International Monetary Fund clinched agreement on reducing Greece's debt on Monday in a breakthrough to release urgently needed loans to keep the near-bankrupt economy afloat.

* Europe is preparing to follow the United States in delaying the introduction of stricter rules on bank capital while it lobbies for a rethink of the U.S. stance, EU sources said.

* The OECD slashed its global growth forecasts, warning that the debt crisis in the recession-hit euro zone is the greatest threat to the world economy.

* Russia's Nord Gold will increase its ownership of Toronto-listed subsidiary High River Gold Ltd to 87.9 percent under a share offer that could boost its free float and take it a step further to a premium London listing.

* Private aviation company VistaJet said it had placed an order for 142 Bombardier Inc business jets, worth around $8 billion.

MARKET SNAPSHOT   Continued...