Jan 23 Canada's main stock index looked set to
open lower on Wednesday, after closing near an 18-month high in
the previous session as investors await results from key U.S.
companies to find further trading cues.
* The White House welcomed signals by Republican leaders in
the House of Representatives that they aim to extend the U.S.
debt limit by almost four months, saying the move defuses fears
of a damaging U.S. debt default.
* Research In Motion has released a new system to
allow its biggest customers to use its new line of BlackBerry 10
smartphones on their own networks, paving the way for the Jan.
30 launch of the make-or-break devices.
* Aurizon Mines Ltd advised shareholders to reject
an unsolicited C$780 million takeover offer from rival gold
miner Alamos Gold Inc, saying the proposal was
inadequate and opportunistic.
* Spain's economy shrank in the final months of 2012 at the
fastest pace since its recession began, data showed, pummeled by
falling domestic demand and with no return to growth on the
* Unilever reported 2012 underlying sales growth of 6.9
percent, beating forecasts of 6.5 percent, propelled by double
digit growth in emerging markets.
* Canada stock futures traded down 0.11 percent
* U.S. stock futures , , were mixed in
the range of -0.04 percent and 0.15 percent
* European shares, were mixed
COMMODITY PRICE MOVES
* Thomson Reuters-Jefferies CRB Index : 302.1009;
rose 0.04 percent
* Gold futures : $1,693.7; rose 0.05 percent
* US crude : $96.68; was unchanged 0 percent
* Brent crude : $112.48; rose 0.05 percent
* LME 3-month copper : $8,149.25; rose 0.1 percent
CANADIAN STOCKS TO WATCH
* Alimentation Couche-Tard Inc. : Metro Inc
said on Tuesday it agreed to sell 48.2 percent of its stake in
the gas-bar and the convenience store operator for C$479
* Bank of Nova Scotia. : The bank is targeting growth
in Latin American consumer loans and micro-financing, an area
that offers wide profit margins at a time when the outlook for
loan growth in Scotiabank's home market in Canada is lackluster.
* Celestica Inc. : The contract electronics
manufacturer was optimistic about the second half of 2013,
despite forecasting first-quarter profit largely below analysts'
Following is a summary of research actions on Canadian
companies reported by Reuters.
* Canadian National Railway Co. : Canaccord Genuity
raises target to C$101 from C$96 on the company's solid
fourth-quarter results driven by improving revenues and
operating ratios and expected growth in 2013
* Canexus Corp. : National Bank Financial raises to
outperform from sector perform citing the company's growing
'crude by rail' operations
* First Quantum Minerals Ltd. : National Bank
Financial cuts target to C$26 from C$27 after the company's
copper production outlook for 2013 was lower than expected
* TransAlta Corp. : National Bank Financial cuts to
underperform from sector perform, says Weak power prices in
Alberta and the Pacific Northwest combined with maintenance
issues on the company's existing baseload generation facilities
have placed pressure on its payout ratios and stock price
* TransCanada Corp. : National Bank Financial raises
to sector perform from underperform and raises target price to
C$51 from C$42.50 after the company said Nebraska's governor
approved the re-route of the proposed $5.3 bln Keystone-XL
ON THE CALENDAR
* Major Canadian economic data includes BOC rate decision
* Major U.S. events and data includes mortgage index and