CANADA STOCKS-TSX may open lower on fiscal cliff, Greek concerns

Tue Nov 13, 2012 8:24am EST
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

Nov 13 (Reuters) - Canada's main stock index looked set to open lower on Tuesday, tracking global markets, as lingering concern about a possible U.S. fiscal crisis and delays to an installment of Greek aid dampened investors sentiment.


* Amid a global fright over Washington's political brinkmanship, U.S. lawmakers return to the capital on Tuesday with a seven-week deadline to reach agreement on scheduled tax hikes and budget cuts that threaten to trigger another recession.

* A clash between Greece's international lenders over how the stricken country where the euro zone debt crisis began can bring its debts down to a sustainable level reignited fears that the crisis could flare up anew.

* Quebecor Inc reported a 29 percent fall in third-quarter profit as it took a goodwill impairment charge.

* Sears Canada Inc reported a smaller quarterly loss on Tuesday even as its sales slid.

* German analyst and investor sentiment unexpectedly fell in November as the euro zone crisis pounds Europe's largest economy and optimism spurred by the European Central Bank's announcement of an unlimited bond-buying programme wanes.

* Home Depot Inc reported a higher-than-expected third-quarter profit and raised its full-year outlook as the world's largest home improvement chain benefited from recent improvements in the U.S. housing market.   Continued...