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.

FACTORS TO WATCH

* 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.

COMMODITY PRICE MOVES

* 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/]

CANADIAN STOCKS TO WATCH

* 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.
[ID:nN23173962]

* 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]

ANALYST RECOMMENDATIONS

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