CANADA STOCKS-TSX to open little changed, commodity prices weigh

March 28 (Reuters) – Toronto’s main stock index looked set
to open little changed on Monday, with a slide in oil and gold
prices likely to weigh on the market.

Canada is set for a May 2 election after the fall of
Conservative government on Friday, though the news has had
little impact on its stock market so far. [ID:nN25298098]

FACTORS TO WATCH

* Canadian equity futures (0#SXF:: Quote, Profile, Research) pointed to a slightly
higher open.

* U.S. stock index futures were little changed as foreign
headwinds remained in view following three days of U.S.
equities gains, suggesting the recent period of volatility
wasn’t over. [.N]

* European shares edged higher, propped up by technology
stocks after an upgrade, though the small addition to last
week’s rise was expected to be curbed by technical factors.
[.EU]

* Asian stocks were mostly in red as uncertainty over Japan
and the Middle East tempered gains.

COMMODITY PRICE MOVES

* The Thomson Reuters-Jefferies CRB index (.CRB: Quote, Profile, Research), a global
commodities benchmark, fell 0.89 percent in early trade.

* Oil retreated with Brent slipping to around $115 after
Libyan rebels regained control of key oil towns, and unrest
over the weekend was limited to minor crude exporters Syria and
Yemen. [O/R]

* Gold slipped nearly 1 percent, pressured by a firmer
dollar after hawkish comments from a Federal Reserve official
late last week, and as impetus from violence in the Middle East
petered out. [GOL/]

* Copper prices stumbled as renewed worries about Japan’s
crisis, unrest in the Middle East and rising stocks persuaded
investors to retreat from assets perceived to be risky.
[MET/L]

CANADIAN STOCKS TO WATCH

* Vector Aerospace (RNO.TO: Quote, Profile, Research): EADS has ended a three-year
acquisition drought in North America with a $637 million agreed
cash bid for the overhaul and repair firm by helicopter
division Eurocopter. [ID:nLDE72R0R0]

* Canaco Resources Inc. (CAN.V: Quote, Profile, Research): The mineral exploration
company said drilling at its fully-owned Handeni gold project
in Tanzania has shown there are gold deposits close to the
surface. [ID:nL3E7ES1PO]

* Research In Motion (RIM.TO: Quote, Profile, Research): The Blackberry maker said on
Saturday it bought Ontario-based startup tinyHippos Inc,
creator of Ripple, a cross-platform mobile application
development and testing tool. [ID:nN26108759]

Separately, a U.S. trade panel has agreed to review Eastman
Kodak Co’s claim that the Blackberry maker and Apple Inc are
infringing on its patents in a case that could mean hundreds of
millions of dollars in royalties. [ID:nN25292900]

* Western Copper (WRN.TO: Quote, Profile, Research): The company has begun
engineering studies to determine whether it can modify plans
that pushed regulators to reject its request for a water use
license at its Carmacks copper project in Canada’s Yukon
Territory. [ID:nN25294085]

ANALYST RECOMMENDATIONS

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

* Yellow Media (YLO.TO: Quote, Profile, Research) price target raised to C$5.70 from
C$5.50; rating sector perform at National Bank

($1= $0.98 Canadian)
(Reporting by Kishan Nair; editing by Jeffrey Hodgson)

CANADA STOCKS-TSX to open little changed, commodity prices weigh