CANADA STOCKS-TSX may open lower, Fed decision weighs

Thu Jan 30, 2014 8:30am EST
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Jan 30 (Reuters) - Canada's main stock index pointed to a lower open on Thursday following the U.S. Federal Reserve's decision to continue scaling back bond purchases despite emerging market turmoil.


* Potash Corp of Saskatchewan reported a sharply lower quarterly profit and produced 2014 forecasts that were below Wall Street expectations.

* Facebook Inc delivered its strongest revenue growth in two years, beating Wall Street targets as the Internet company's mobile ad sales continued to accelerate.

* The Federal Reserve on Wednesday decided to trim its bond purchases by another $10 billion as it stuck to a plan to wind down its extraordinary economic stimulus despite recent turmoil in emerging markets.

* ConocoPhillips, the largest U.S. oil company without refining operations, said its fourth-quarter profit rose, helped by the sale of its Algerian business and other assets.

* Visa Inc, the world's largest credit and debit card company, reported a 9 percent rise in quarterly profit as more people used its cards.

MARKET SNAPSHOT   Continued...