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.


* 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...