CANADA STOCKS-TSX may open lower; investors cautious on shutdown effects

Thu Oct 17, 2013 8:26am EDT
 
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Oct 17 (Reuters) - Canada's main stock index pointed to a lower open on Thursday as investors looked beyond Washington's last-minute debt default deal and focused on the effects of the 16-day government shutdown and prospects of a re-run next year.

TOP STORIES

* The U.S. Congress on Wednesday approved an 11th-hour deal to end a partial government shutdown and pull the world's biggest economy back from the brink of a historic debt default that could have threatened financial calamity.

* UnitedHealth Group Inc said that its third-quarter profit rose about 1 percent, helped by the enrollment of an additional 275,000 people in its health insurance plans.

* Goldman Sachs Group Inc's quarterly profit fell 2 percent as weak bond-trading volumes hit revenue in the Wall Street bank's biggest business.

* Verizon Communications Inc posted quarterly revenue slightly ahead of Wall Street expectations as it added customers to its wireless business.

* Medical products maker Baxter International Inc reported a 7 percent fall in third-quarter earnings, hurt by charges related to its $4 billion acquisition of Swedish dialysis products company Gambro AB.

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