Wires

CANADA STOCKS-TSX may open lower on sluggish EU progress

Oct 10 (Reuters) - Toronto's main stock index looked set toopen lower on Wednesday, tracking global markets, as persistingtroubles in the euro zone and a gloomy outlook for companyearnings fueled worries about stalling global growth.

TOP STORIES

* The International Monetary Fund urged Europeanpolicymakers to deepen the financial and fiscal ties within theeuro area with some urgency to restore sagging confidence in theglobal financial system.

* Pharmacy chain Jean Coutu Group Inc reported alower quarterly profit on Wednesday despite higher revenue, butprofits were higher after excluding a gain that boosted-year agoearnings.

* Aurico Gold said it had agreed to sell the Ocampomine in Mexico, as well as adjacent exploration projects and a50 percent stake in the Orion project, to tycoon Carlos Slim'sMinera Frisco for $750 million.

* Stronger demand for aluminum products from airplane andautomobile producers helped Alcoa Inc's third-quarter profitbefore one-time charges beat Wall Street's expectations,offsetting weak aluminum prices and worries about China'sslumping economy.

* Toyota Motor Corp said it would recall more than7.4 million vehicles worldwide as a faulty power window switchwas a potential fire hazard, the latest in a series of setbacksthat have dented its reputation.

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MARKET SNAPSHOT * Canada stock futures traded down 0.13 percent * U.S. stock futures , , were downaround 0.03 percent to 0.28 percent * European shares , were down COMMODITY PRICE MOVES

* Thomson Reuters-Jefferies CRB Index : 309.44;fell 0.03 percent

* Gold futures : $1,764.2; rose 0.07 percent * US crude : $92.29; fell 0.11 percent * Brent crude : $114.4; fell 0.09 percent * LME 3-month copper : $8,150.25; rose 0.06 percent ANALYST RECOMMENDATIONS

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

* CI Financial Corp. : Barclays raises price targetto C$24 from C$23 on higher assets under management and thepossibility that the company could increase its dividend in thethird quarter

* Inter Pipeline Fund : Canaccord Genuity cuts tohold from buy to reflect the recent run up in the unit price

* Lundin Mining Corp. : Goldman Sachs starts withbuy rating and price target of C$7 citing the company'shigh-quality mining asset portfolio, copper exposure, andnear-term growth potential

* Novus Energy Inc. : CIBC raises target to C$1.10from C$0.95, says the credit increase provides comfort with thegrowth forecast for next year

* Taseko Mines Ltd. : National Bank Financial cutsprice target to C$4.20 from C$4.60, says production is trackingin the right direction

ON THE CALENDAR * No major Canadian economic data scheduled for release

* Major U.S. events and data includes wholesale inventoriesand Fed's Beige book

($1= $0.97 Canadian)

(Reporting by Chandrashekhar Modi; Editing by Jeffrey Hodgson)

((chandrashekhar.modi@thomsonreuters.com))

Keywords: MARKETS CANADA/STOCKS