May 31 (Reuters) - Toronto's main stock index looked set to open higher on Tuesday, buoyed by a rise in commodity prices after a report that Germany could make concessions to facilitate a new aid package for Greece. The Bank of Canada will also make an interest rate announcement before the market opens. The central bank is expected to hold rates steady but should offer clues in its accompanying statement on when it will resume the rate hike campaign it halted last year. [CA/POLL] FACTORS TO WATCH * Canadian equity futures <0#SXF:> pointed to a higher open. * U.S. stock index futures advanced as the euro rose against the dollar and commodity prices jumped on optimism that new aid for Greece from the European Union was in the offing. [.N] * European shares rose on talk that a fresh bailout deal for debt-laden Greece would go ahead, with banks among the biggest gainers. [.EU] * Asian stocks rose with Japan's Nikkei jumping 2 percent, encouraged by predictions of strong industrial output in the coming months, though it ended the month 1.6 percent lower. COMMODITY PRICE MOVES * The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, rose 0.83 percent in early trade. * U.S. crude futures rose $2 to $102.59 a barrel as the dollar weakened against the euro after expectations built that a second aid package would be agreed for Greece. [O/R] * Gold steadied around its highest in nearly four weeks, supported by investor nervousness over the race in Europe to avert a Greek debt default, although stronger equities and oil tempered gains. [GOL/] * Copper rose to a four-week high, supported by a firmer euro after expectations built that a second aid package would be agreed for Greece. [MET/L] CANADIAN STOCKS TO WATCH * Bank of Nova Scotia (BNS.TO): The bank said its quarterly profit rose, boosted by growth in lending and lower provisions for loan losses. [ID:nN31281525] * Semafo Inc. (SMF.TO): The gold miners' quarterly profit missed analyst expectations hurt by a fall in production due to an expansion program. The company expects the surge in fuel prices to push full-year operating costs higher. [ID:nL3E7GU1Y7] ANALYST RECOMMENDATIONS Following is a summary of research actions on Canadian companies reported by Reuters. [RCH/CA] * C & C Energia (CZE.TO) price target cut to C$18.25 from C$20 at CIBC

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