April 4 Canada's main stock index looked set to
open higher after the European Central Bank and the Bank of
England left interest rates unchanged, and the Bank of Japan
introduced aggressive monetary easing measures.
* The Bank of Japan unleashed the world's most intense burst
of monetary stimulus, promising to inject about $1.4 trillion
into the economy in less than two years, a radical gamble that
sent the yen reeling and bond yields to record lows.
* The European Central Bank kept interest rates on hold on
Thursday, waiting to see if a recession-hit economy perks up and
whether an aggressive policy move by the Bank of Japan helps the
* The Bank of England opted not to pump new money into
Britain's stagnant economy, despite a new remit that gives it
clearer leeway to disregard above-target inflation.
* American employers likely hired at a moderate pace in
March, suggesting the economy is gathering momentum despite the
onset of across-the-board federal spending cuts.
* A huge drop in French business activity meant the euro
zone's recession dragged on in March but British services firms
provided a rare glimpse of economic sunshine, posting their best
month since August.
* Dominion Diamond Corp, formerly Harry Winston
Diamond Corp, on Wednesday reported an increase in
fourth-quarter sales on rising demand in the United States,
China and India.
* Canada stock futures traded up 0.16 percent
* U.S. stock futures , , were up
around 0.4 percent and 0.41 percent
* European shares, were up
COMMODITY PRICE MOVES
* Thomson Reuters-Jefferies CRB Index : 290.2475;
fell 0.01 percent
* Gold futures : $1,546.1; fell 0.43 percent
* US crude : $94.56; rose 0.12 percent
* Brent crude : $107.67; rose 0.52 percent
* LME 3-month copper : $7,369; fell 0.26 percent
CANADIAN STOCKS TO WATCH
* Lululemon Athletica Inc : The retailer's chief
product officer, Sheree Waterson, will leave the company, it
said on Wednesday, after a popular product proved too risqué for
its fashion-conscious fans.
Following is a summary of research actions on Canadian
companies reported by Reuters.
* D-Box Technologies Inc : Canaccord cuts rating to
hold from speculative buy as the company's commercial theater
business showed disappointing results with lower-than-expected
recurring revenues per auditorium, despite the fact that D-Box
has been able to secure high quality content from studios.
* New Zealand Energy Corp : Canaccord cuts target
price to C$0.65 from C$0.85 to reflect the company's uncertain
* Royal Host Inc : CIBC raises price target to
C$0.85 from C$0.75 following the company's fourth-quarter
earnings that came in line with expectations and the resignation
of its CEO.
* Valeant Pharmaceuticals International Inc :
Canaccord Genuity cuts target price to $82 from $83, says the
decision of the management of a merger of equals may alleviate
balance sheet constraints and this speculation could continue to
buoy the stock.
ON THE CALENDAR
* No major Canadian economic data scheduled for release
* Major U.S. events and data includes weekly jobless claims
data and challenger layoffs