CANADA STOCKS-TSX set to open lower as commodity prices fall

Thu Aug 2, 2012 8:57am EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

Aug 2 (Reuters) - Canada's main stock index looked set to open lower on Thursday, as commodity prices traded lower after the European Central Bank left interest rates unchanged, waiting to see if inflation and the euro zone economy slows further.


* The European Central Bank held its main interest rate at a record low of 0.75 percent on Thursday, waiting to see whether inflation and the euro zone economy slow further before deciding on any fresh cut in borrowing costs.

* Canadian pipeline operator Enbridge Inc reported a sharp fall in second-quarter profit due to losses on financial derivatives.

* Valeant Pharmaceuticals International reported a second-quarter net loss on Thursday as costs rose, but adjusted cash earnings rose and the company raised its forecast for full-year cash results.

* Clothing maker Gildan Activewear Inc reported a 11 percent decline in third-quarter profit, as lower selling prices for print wear hurt the company's margins.

* Ritchie Bros Auctioneers Inc, which auctions industrial equipment, posted a 17 percent rise in profit on strong equipment pricing and demand and the company raised its quarterly dividend by 9 percent.


* Canada stock futures traded lower   Continued...