CANADA STOCKS-TSX may open higher with Fed in focus

Mon Oct 21, 2013 8:21am EDT
 
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Oct 21 (Reuters) - Canada's main stock index pointed to a higher open on Monday on expectations that the U.S. Federal Reserve will not pare back its massive stimulus program anytime soon.

TOP STORIES

* Halliburton Co, the world's second-largest oilfield services company, reported a 17 percent rise in quarterly profit, lifted by especially strong performances in Russia, Saudi Arabia and Angola.

*A Canadian National Rail train carrying crude oil and liquefied petroleum gas derailed and caught fire in Western Canada on Saturday, in an accident that brought back memories of a deadly crash in Quebec this summer.

* Dutch healthcare, lighting and consumer appliances group Philips reported a near tripling in its third-quarter net profit, thanks to improvements across the group after two years of rationalisaton.

* German business software firm SAP bucked the trend among rivals by keeping its 2013 profit forecast, buoyed by strong demand for its web-based software, though it warned volatile exchange rates could hit its reported results.

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