CANADA STOCKS-TSX may open lower as investors await Fed decision

Wed Jan 29, 2014 8:31am EST
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Jan 29 (Reuters) - Canada's main stock index on Wednesday pointed to a lower open with investors cautiously awaiting the possibility of a further taper of the U.S. central bank's bond-buying program.


* Turkey's central bank hiked all its key interest rates in dramatic fashion at an emergency midnight policy meeting, ignoring opposition from Prime Minister Tayyip Erdogan as it battles to defend the crumbling lira currency.

* Boeing Co posted a 26 percent increase in quarterly profit, helped by a rise in commercial aircraft deliveries.

* Canadian Pacific Railway reported a five-fold jump in fourth-quarter profit, as freight revenue rose 7 percent.

* Yahoo Inc's online ad prices slid again in the fourth quarter and Alibaba, the Chinese e-commerce giant in which it owns a big stake, saw revenue growth decelerate from its recent rip-roaring pace. [ID:nL2N0L11WN}

* Biogen Idec Inc said fourth-quarter profit soared 57 percent, helped by strong sales of its new multiple sclerosis drug, Tecfidera.MARKET SNAPSHOT

* Canada stock futures traded down 0.13 percent   Continued...