CANADA STOCKS-TSX set to open higher, but BlackBerry to weigh heavily

Fri Jun 28, 2013 8:39am EDT
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June 28 (Reuters) - Canada's main stock index looked set to open higher on Friday, helped by reassuring comments from Federal Reserve policymakers and positive Japanese data, but shares of BlackBerry were expected to weigh heavily after it reported weak results.

BlackBerry shares tumbled 20 percent in pre-market trading after it posted an unexpected quarterly operating loss and offered few signs of a long-promised turnaround.


* Japan's consumer prices stopped falling in May and labor demand reached its strongest level in five years, but the Bank of Japan's time frame for achieving a 2 percent inflation target still appears unlikely.

* European leaders agreed on new steps to fight youth unemployment and promote lending to credit-starved small business on Thursday after deals on banking resolution and the long-term EU budget gave their summit a much needed lift.

* Outsourcing and consulting services provider Accenture Plc cut its full-year outlook, citing a pullback in spending by its consulting business clients, after reporting third-quarter revenue below analysts' estimates.

* Canada's broadcast regulator approved BCE Inc's modified bid for Astral Media Inc on Thursday, allowing the telecom company to acquire more of the content it distributes to television, computer and mobile screens.

MARKET SNAPSHOT   Continued...