March 14, 2011 / 12:27 PM / 8 years ago

CANADA STOCKS-TSX set to open lower on Japan woes; Cameco down

March 14 (Reuters) - Toronto’s main stock index looked set to open lower on Monday as investors worry about the impact of Friday’s earthquake and tsunami in Japan which killed at least 10,000 people.

Japan scrambled to avert a meltdown at a stricken nuclear plant on Monday after a hydrogen explosion at one reactor and exposure of fuel rods at another. [ID:nL3E7EC0D6]


* Canadian equity futures <0#SXF:> pointed to a lower open.

* U.S. stock index futures fell as investors worried about the impact of the Japanese disaster. [.N]

* European shares fell to their lowest level in three months as investors worried about the impact of Friday’s earthquake and tsunami in Japan. [.EU]

* Japanese stocks fell 7.5 percent. The drop, on record-high trading volume among the Tokyo Stock Exchange’s biggest companies, was compounded by fears about the long-term impact on power supplies after the earthquake damaged a nuclear generator.


* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, fell 0.65 percent in early trade.

* Oil fell to two-week lows, slipping nearly $3 at one point, as concerns over the economic impact from Japan’s catastrophic earthquake and tsunami knocked global investor confidence. [O/R]

* Gold rose in Europe, recovering some of last week’s 1 percent losses, as the impact of a devastating earthquake in Japan added to upward pressure on the metal, driving prices back towards recent record highs. [GOL/]

* Copper slipped as the unfolding disaster in Japan and tensions in the Middle East undermined investor sentiment and prompted a flurry of selling. [MET/L]


* Shares of top Canadian uranium miner Cameco (CCO.TO) (CCJ.N) fell sharply on Monday after a second explosion rocked a Japanese nuclear reactor days after a devastating earthquake struck the nation. [ID:nN1393254]

* Ensign Energy Services Inc. (ESI.TO): The oilfield services firm’s quarterly profit jumped, helped by a surge in drilling activities. [ID:nL3E7EE1H6]

* Theratechnologies (TH.TO): The pharmaceutical company said it will not pursue its planned Nasdaq listing due to an expected offering price that was not acceptable to the company. [ID:nL3E7EB2QP]

* First Uranium Corp. FIU.TO: The gold and uranium producer said an employee of the company died on Saturday after an accident at its Ezulwini gold mine in South Africa. [ID:nL3E7EE0RS]

* Energy Fuels Inc (EFR.TO): The uranium and vanadium mineral development company said it filed a motion in a Colorado district court to dismiss a nature-preservation group’s lawsuit over the radioactive materials license the company received for its Pinon Ridge mill. [ID:nL3E7EB2OF]


Following is a summary of research actions on Canadian companies reported by Reuters. [RCH/CA]

* Cequence Energy Ltd (CQE.TO) target price raised to C$3.50 from C$3.25 at Raymond James

* Futuremed Healthcare Products FMD.TO price target raised to C$7.50 from C$6.50; rating sector perform at National Bank

* Savanna Energy Services SVY.TO target price raised to C$8.75 from C$7.50 at Raymond James

* Zargon Oil and Gas Ltd (ZAR.TO) target price raised to C$22 from C$21.50 at Raymond James

$1= $0.97 Canadian Reporting by Shrutee Sarkar; editing by Jeffrey Hodgson

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