CANADA STOCKS-TSX may open higher, helped by Asia growth signs

Thu Nov 1, 2012 8:40am EDT
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Nov 1 (Reuters) - Canada's main stock index looked set to open higher on Thursday, as Asian economies showed signs of recovery after battling global headwinds.


* Big Asian economies are slowly picking up after a year spent battling against global headwinds, according to business surveys and data released on Thursday that showed renewed vim from China's factory sector and a rebound in South Korean exports.

* Barrick Gold reported a huge drop in third-quarter profit due to lower sales volumes and lower realized gold prices.

* Husky Energy Inc, the integrated oil company, reported lower quarterly production as planned maintenance work at its SeaRose and Terra Nova projects impacted output.

* BCE Inc reported lower third-quarter profit compared with a year earlier, when lower income tax expenses had boosted earnings, but revenue rose.

* Pharmacy benefit manager Catamaran Corp raised its earnings forecast for the year after completing its $4.4 billion acquisition of rival Catalyst Health Solutions, which will help it benefit from the new U.S. healthcare law.

* Royal Dutch Shell, seen as having some of the best output growth assets in the business, joined its peers in suffering lower production in the third quarter.   Continued...