CANADA STOCKS-TSX may open lower after soft U.S., euro zone data

Thu Apr 26, 2012 8:41am EDT
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April 26 (Reuters) - Toronto's main stock index looked set to open lower on Thursday, as lingering worries over the economic outlook for the euro zone and soft U.S. data weighed on investors' sentiment.


* New U.S. claims for unemployment benefits fell slightly last week but a trend reading rose to its highest since January, the latest sign of a weaker pace of healing in the still-struggling labor market.

* Euro zone economic sentiment fell more than expected in April, driven by more pessimistic industry and services sectors, European Commission data showed, as the economy sinks into recession.

* Potash Corp of Saskatchewan Inc, the world's largest fertilizer maker, reported a 33 percent profit drop on Thursday due to lower sales and production volumes, which in turn led to higher costs.

* Precision Drilling Corp posted its seventh consecutive quarterly profit on higher dayrates and activity in United States, but the No. 1 oil and gas driller in Canada cut its 2012 budget partly on delays in certain projects.

* Husky Energy Inc on Wednesday posted a 6 percent decline in first-quarter profit as a result of lower natural gas prices and tighter refining margins.


* Canada stock futures traded down 0.13 percent   Continued...