CANADA STOCKS-TSX set for higher open on boost from Chinese data

Dec 10 (BestGrowthStock) – Toronto’s main stock index looked set to
open higher on Friday, with resource-related companies in focus
as strong Chinese economic data helped to support commodity


* Canadian equity futures (0#SXF:: ) pointed to a higher

* U.S. stock index futures rose following encouraging data
out of China and as a two-year high in the S&P 500 had
investors betting on a year-end rally. [.N]

* European stocks edged higher, on track to post their
biggest weekly gain since early November, but the rise was
limited by profit-taking in shares of financial institutions
after a sharp 10-day rally. [.EU]

* Japanese stocks fell after a rise to a seven-month high
earlier in the day prompted profit taking, although they
outperformed the rest of Asia this week.


* The Thomson Reuters-Jefferies CRB index (.CRB: ), a global
commodities benchmark, rose 0.21 percent in early trade.

* Oil rose for a second day to trade close to $89 as
Chinese crude imports rebounded, and the International Energy
Agency raised its global oil demand forecast. [O/R]

* Gold was steady, having dipped briefly after China raised
bank reserve requirements, as uncertainty over Europe’s fiscal
health continued to attract investors to bullion. [GOL/]

* Copper rose, flirting with a record high from the
previous session, after strong data out of top consumer China
and news that its central bank opted for a milder form of
monetary tightening boosted prices. [MET/L]


* Iamgold Corp. (IMG.TO: ): The mid-tier producer raised its
annual dividend payment by 33 percent to 8 cents a share on
Thursday, and forecast increased gold output in 2011.

* BCE Inc. (BCE.TO: ): The biggest communications company
raised its annual dividend for 2011 by 7.7 percent to C$1.97 a
share and plans to speed up the funding of future pension
obligations through a voluntary prepayment. [ID:nSGE6B908F]

* Uni-Select Inc (UNS.TO: ): The auto parts distributor
agreed to buy automotive paint company FinishMaster in a $217
million cash and debt deal on Thursday, as it advances an
expansion drive that began in 1998, and said there may be more
takeovers to come. [ID:nN09266753]

* Brookfield Office Properties (BPO.TO: ): The company said
on Thursday it has acquired a 53-storey office tower in Houston
for $321.5 million. [ID:nN09270400]

* Harry Winston Diamond Corp. (HW.TO: ): The diamond miner
and retailer shifted to a profit on Thursday as demand in Asia
continued to propel rough diamond sales and new stores boosted
retail earnings. [ID:nN09225166]

* Lundin Mining Corp. (LUN.TO: ): The base metal producer
said on Thursday it has curtailed operation at its Aguablanca
Mine in the Extremadura region of Spain due to very heavy
rains. [ID:nLDE6B906I]

* Forzani Group Ltd. (FGL.TO: ): The sporting goods retailer
reported on Thursday a 20 percent rise in quarterly net
earnings, helped by stronger same-store sales and lower
operating costs. [ID:nN09264477]


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

* ADF Group Inc (DRX.TO: ) target price cut to C$2.25 from
C$3; keeps outperform rating at Raymond James

* Calfrac Well Services Ltd (CFW.TO: ) price target raised to
C$40 from C$35; keeps outperform rating at Raymond James

* Research In Motion (RIM.TO: ) target price raised to $75
from $70; keeps outperform rating at Raymond James

* Rocky Mountain Dealerships (RME.TO: ) target price raised
to C$11.25 from C$10.75; keeps outperform rating at Raymond

* Sino Forest (TRE.TO: ) coverage started with strong buy
rating and C$35 target price at Raymond James

($1= $1.01 Canadian)
(Reporting by Kishan Nair; Editing by by Jeffrey Hodgson)

CANADA STOCKS-TSX set for higher open on boost from Chinese data