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Canadian Stocks Poised For Modest Early Gains -- Canadian Commentary

Canadian stocks are poised for early gains Wednesday, although optimism may be tempered by geopolitical concerns.

Brookfield Business Partners will acquire 100 percent of Loblaw's (L.TO) gas station operations for C$540 million.

Parkland Fuel is buying Chevron Canada's fuel business for nearly $1.5 billion.

Crude oil prices were higher after industry data showed U.S. stockpiles dwindled slightly last week.

Data from the American Petroleum Institute showed crude inventories fell by 840,000 barrels in the week to April 14 to 531.6 million barrels, near record highs.

OPECs chief said the cartel was seeing compliance with its supply quota plan.

"We are optimistic the policy measures have already placed us on the path of recovery," Mr. Barkindo said in a speech. "Our collective action will continue to prove effective.

Yesterday, TSX Composite Index was down 62 points to 15,622.57.

by RTT Staff Writer

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