CANADA STOCKS-TSX seen up on earnings, Fed eyed

Wed Apr 25, 2012 8:35am EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

April 25 (Reuters) - Toronto's main stock index looked set to open higher on Wednesday on optimism over a string of strong earnings. Markets will watch for the outcome of Federal Open Market Committee's meeting, while the head of the Bank of Canada testifies for a second successive day.


* The euro hit a three-week high and global shares gained before the Fed policy statement, buoyed by some better-than-expected corporate earnings and signs of improved sentiment in the euro zone debt market. [

* Canada's largest natural gas producer Encana Corp's first-quarter operating profit rose, as it realized higher prices for natural gas, helped by its hedging program.

* Nexen Inc's first-quarter profit fell 15 percent, hurt by lower production, but the Canadian oil company maintained its second-quarter output forecast as it looks to improve production from a handful of big-ticket projects. ID:nL3E8FP6VG]

* Apple Inc's quarterly profit almost doubled after a jump in iPhone sales, particularly for the greater China region, blowing past Wall Street expectations and soothing fears the device was past its best days for sharp growth.

* Boeing Co., the world's largest aerospace and defense company, posted a higher quarterly net profit, helped by an increase in commercial airplane deliveries.


* Canada stock futures traded up 0.51 percent   Continued...