CANADA STOCKS-TSX may open lower after Obama win

Wed Nov 7, 2012 8:43am EST
 
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Nov 7 (Reuters) - Canada's main stock index looked set to open lower on Wednesday, as focus shifted from Barack Obama's presidential win to the "fiscal cliff" that might derail the world's largest economy.

TOP STORIES

* Emboldened by a resounding election victory, President Barack Obama immediately pledged to reach across America's political divide and seek deals on stubborn issues that dogged his first term.

* Greece's ruling coalition hopes to overcome its own divisions and defy protesters to push through an austerity package needed to secure aid and avert bankruptcy.

* Bombardier reported a 10 percent rise in third-quarter profit and said it would delay by about six months the first flight of its C-Series jetliner and cut about 1,200 jobs in its train manufacturing division.

* Enbridge reported a third-quarter profit as losses on financial derivatives fell and it carried more oil and natural gas on some of its pipelines.

* Agrium reported lower quarterly profit due to downtime at its potash mine and dragged-out contract talks with China and India, the company said.

* WestJet reported a 80 percent rise in third-quarter profit as it flew more passengers.

MARKET SNAPSHOT   Continued...