CANADA STOCKS-TSX to open flat on Ireland worries

Nov 24 (BestGrowthStock) – Toronto’s main stock index looked set to
open little changed despite uncertainty over Ireland’s plans to
tackle its debts and fears the crisis could spread to other
peripheral euro zone countries.


* Canadian equity futures (0#SXF:: ) point to a flat open.

* U.S. stock index futures edged higher as Wall Street
looked to shift focus away from tensions on the Korean
peninsula and European debt worries to U.S. data. [.N]

* European shares were higher, boosted by strong German
business sentiment data. Trade was choppy amid concerns about
Ireland’s debt crisis and political tension in Korea. [.EU]

* Asian stocks were mixed. The Nikkei fell after Tuesday’s
North Korea’s shelling of a South Korean island and China and
Hong Kong rebounded from multi-week lows on lower volumes as
investors bought beaten down stocks such as bank- and
commodity-related counters.


* The Thomson Reuters-Jefferies CRB index (.CRB: ), a global
commodities benchmark, rose 0.30 percent in early trade.

* Oil edged above $81 a barrel, rising from a near week’s
low on expectations of falling U.S. inventories. [O/R]

* Gold steadied as concern that Ireland’s debt crisis could
spread pushed the euro price of bullion to its highest level
since June. [GOL/]


* Research in Motion (RIM.TO: ): Dubai-based Axiom Telecom,
which this week launched the UAE’s first initial public
offering for two years, signed a direct supply agreement with
BlackBerry manufacturer. [ID:nLDE6AN08U]

* Enbridge Inc. (ENB.TO: ): High nominations by oil shippers,
temporary capacity restrictions and unplanned maintenance on a
troublesome U.S. pipeline have forced the pipeline company to
ration more space on its crude oil transport network.

* Cameco Corp. (CCO.TO: ): The miner signed a long-term deal
to supply 29 million pounds of uranium concentrate to China’s
state-owned nuclear power company. [ID:nSGE6AN0DZ]

* Maple Leaf Foods (MFI.TO: ): Ontario Teachers’ Pension Plan
said on Tuesday it would sell its entire 25 percent stake in
the company at a sharp discount, ending the fund’s longtime
role in one of Canada’s top food processors. [ID:nN23163965]


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

* Alimentation Couche Tard Inc (ATDb.TO: ) price target
raised to C$28.50 from C$24; rating neutral at UBS

* MKS Inc (MKX.TO: ) rating raised to buy from neutral at
Versant Partners

* ShaMaran Petroleum Corp (SNM.V: ) price target raised to
C$1 from C$0.80; rating speculative buy at Canaccord Genuity
($1= $1.02 Canadian)
(Reporting by Kishan Nair and Bangalore Newsroom; editing by
Janet Guttsman)

CANADA STOCKS-TSX to open flat on Ireland worries