CANADA STOCKS-TSX may open lower in wake of Fed decision

Thu Oct 31, 2013 8:29am EDT
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Oct 31 (Reuters) - Canada's main stock index pointed to a lower open on Thursday after the U.S. central bank gave a less dovish outlook than many in the market had anticipated, raising concerns the massive stimulus may be scaled back earlier than previously expected.


* The Federal Reserve extended its support for a soft U.S. economy on Wednesday, sounding a bit less optimistic about growth as it announced plans to keep buying $85 billion in bonds per month.

* Suncor Energy Inc : The oil and gas company said on Wednesday it was moving ahead with its Fort Hills oil sands project in Northern Alberta, with first production expected as soon as the fourth quarter of 2017.

* Valeant Pharmaceuticals International Inc posted a quarterly net loss that it attributed in part to restructuring and impairment charges, and Canada's biggest publicly traded drugmaker cut its full-year revenue outlook.

* Barrick Gold Corp said it will suspend construction at its Pascua-Lama mine, a surprise reversal on a project that has cost billions after years of delays and cost overruns.

* The plane and train maker Bombardier Inc reported a 15 percent fall in net profit, and said both aircraft orders and deliveries fell in the third quarter.


* Canada stock futures traded down 0.3 percent   Continued...