CANADA STOCKS-TSX may open higher with Fed in focus

Reuters

Oct 21 (Reuters) - Canada's main stock index pointed to ahigher open on Monday on expectations that the U.S. FederalReserve will not pare back its massive stimulus program anytimesoon.

TOP STORIES

* Halliburton Co, the world's second-largest oilfieldservices company, reported a 17 percent rise in quarterlyprofit, lifted by especially strong performances in Russia,Saudi Arabia and Angola.

*A Canadian National Rail train carrying crude oiland liquefied petroleum gas derailed and caught fire in WesternCanada on Saturday, in an accident that brought back memories ofa deadly crash in Quebec this summer.

* Dutch healthcare, lighting and consumer appliances groupPhilips reported a near tripling in its third-quarter netprofit, thanks to improvements across the group after two yearsof rationalisaton.

* German business software firm SAP bucked the trend amongrivals by keeping its 2013 profit forecast, buoyed by strongdemand for its web-based software, though it warned volatileexchange rates could hit its reported results.

MARKET SNAPSHOT

* Canada stock futures traded up 0.13 percent

* U.S. stock futures , , were uparound 0.02 percent to 0.16 percent

* European shares, were up

COMMODITY PRICE MOVES

* Thomson Reuters-Jefferies CRB Index : 286.7624;fell 0.25 percent

* Gold futures : $1,317.7; rose 0.25 percent

* US crude : $99.8; fell 1.01 percent

* Brent crude : $109.48; fell 0.42 percent

* LME 3-month copper : $7,252; rose 0.1 percent

CANADIAN STOCKS TO WATCH

* Fairfax Holdings : The investment fund has becomethe third-biggest shareholder of Greek industrial groupMytilineos, acquiring a 5 percent stake worth about 30 millioneuros, the two companies said.

* Gabriel Resources : In the central Romanian townof Campeni, around 2,000 people protested against the company'splans to use cyanide to mine 314 tonnes of gold and 1,500 tonnesof silver in the small town of Rosia Montana.

* Uranium One Inc : The company, which Russiannuclear corporation Rosatom just took private, will delist fromthe Toronto Stock Exchange and the Johannesburg Stock Exchangeon Oct 21 and Oct 22, respectively, its parent firm said onSaturday.

ANALYSTS' RECOMMENDATIONS

Following is a summary of research actions on Canadiancompanies reported by Reuters.

* Aastra Technologies Ltd : National Bank Financialraises to sector perform from underperform; target price to C$26from C$13, says the technology sector is experiencing a majorrecovery and also the management continues to restructureoperating expenses to drive cash flow that supports dividends

* GuestLogix Inc : National Bank Financial startswith outperform; target C$1.75 on the massive organic growthopportunity and clearly defined management focus

* KP Tissue Inc : RBC cuts price target to C$20 fromC$21 based on a slightly reduced 2014 earnings forecast andlower valuation multiple

ON THE CALENDAR

* Major Canadian economic data includes wholesale trade

* Major U.S. events and data includes existing home sales

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