CANADA STOCKS-TSX may open slightly lower ahead of Fed; eye on Tim Hortons

Wed May 1, 2013 8:37am EDT
 
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May 1 (Reuters) - Canada's main stock index looked set to open slightly lower as investors turn cautious ahead of the outcome of the U.S. Federal Reserve's policy meeting later in the session.

But shares of Tim Hortons Inc were expected to rise after Reuters reported that the coffee-and-doughnut chain has come under pressure from a large investor to aggressively boost returns through debt-funded share buybacks and a scaling back of U.S. expansion plans.

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