CANADA STOCKS-TSX set to jump at open on EU debt crisis deal Oct 27

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CANADA STOCKS-TSX set to jump at open on EU debt crisis deal

            Oct 27 (Reuters) - Toronto’s main stock index was set to open sharplyhigher on Thursday, driven by investor relief that Europeanpolicymakers reached a deal aimed at halting the region’s two-year olddebt crisis.

The deal included a plan to leverage the bloc’s rescue fund to 1trillion euros, a 50 percent haircut for private holders of Greek debtand recapitalization of banks.

FACTORS TO WATCH

* Canadian equity futures  pointed to a higher open.

* The Canadian dollar strengthened past parity to a one-month high against its U.S. counterpart.

* U.S. stock index futures rose sharply after European leaders agreed to boost the region’s bailout fund. [.N]

* Financial stocks led European shares higher after EU leaders andbanks struck a deal intended to draw a line under the euro zone’spiraling debt problems, setting up the market for its biggestone-month gain in more than two years. [.EU]^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ Toreceive an early e-mail of Reuters Morning News Call - Canada -- apreview of market moving news -- Thomson Reuters subscribers canregister at^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^

COMMODITY PRICE MOVES

* The Thomson Reuters-Jefferies CRB index , a global commodities benchmark, rose 1.45 percent in early trade.

* Oil rose towards $111 a barrel after European leaders struck a dealwith private holders of Greek debt, easing concerns that economicweakness could spread and curb energy demand.

* Gold steadied after a deal by European leaders to tackle the eurozone debt crisis encouraged investors to delve back into riskier assetssuch as higher-yielding currencies and equities and also to boost theirbullion holdings.

* Copper rose 4 percent to hit its highest in more than a month asinvestors welcomed a long-awaited deal agreed by European leaders.

CANADIAN STOCKS TO WATCH

* Potash Corp : The world’s top fertilizer maker said that itsthird-quarter profit more than doubled, as strong grain prices boosteddemand for its crop nutrient products.

* Barrick Gold : The gold miner reported a 45 percent increase in itsquarterly profit on Thursday, driven by a sharp increase in bullionprices.

* Research in Motion : Consumers in the United States and Canada havesued RIM for a days-long service outage on BlackBerry devices thatrippled across the world earlier this month.

* Goldcorp Inc. : The gold miner said on Wednesday its third-quarteroperating earnings rose 10.2 percent, driven largely by a sharpincrease in the price of gold.

* Bombardier Inc. The civil aircraft maker said on Wednesday that anunnamed Chinese airline has tentatively agreed to buy six of its CRJ900NextGen regional commercial aircraft.

* Teck Resources : The diversified miner said its third-quarter netincome more than doubled, driven largely by strong results from itscoal and copper businesses.

* Cenovus Energy Inc. : The Canadian oil sands producer posted a 73percent rise in third-quarter profit on higher production and crudeprices.

* Agnico-Eagle Mines : The company reported a third-quarter net loss onWednesday, as its results were hurt by a large charge related to thewrite-off of its investment in the Goldex mine in Quebec.

* Nexen Inc. : The independent oil producer quarterly profit fell 65percent despite higher crude prices as the company had to tackle lowerproduction rates at some assets.

* Pacific Rubiales : Colombia sent 400 additional police to guardColombia’s largest oil field after the company threatened to suspendoperations there unless reinforcements were sent to help quell aviolent demonstration.

* Domtar Corp. : The paper and pulp producer reported a 39 percent fallin third-quarter profit on weak pulp prices and higher input costs, andsaid paper shipments are expected to drop sequentially in the fourthquarter.

ANALYST RECOMMENDATIONS

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

* Alimentation Couche Tard  price target raised to C$36 from C$34 at National Bank

* Astral Media Inc.  price target cut to C$40 from C$43 at Credit Suisse

* Canadian National Railway  price target raised to C$80 from C$76 at Raymond James

* Canadian Pacific Railway  price target cut to $58 from $62 at Credit Suisse

* Firstservice Corp.  price target cut to C$38.00 from C$39.50 at CIBC

* Quest Rare Minerals  coverage started with outperform; target $4.30 at National Bank

($1= $0.99 Canadian)  (Reporting by Rahul Karunakar; Editing by Jeffrey Hodgson)   

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