CANADA STOCKS-TSX may open higher; U.S. data supports

Fri Feb 21, 2014 8:27am EST
 
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Feb 21 - Canada's main stock index looked set to open higher on Friday after a reading on U.S. manufacturing, which hit its highest in nearly four years, underpinned hopes for sustained economic strengthening. TOP STORIES

* Sweeping reforms are urgently needed to boost productivity and to lower barriers to trade if the world is to avoid a new era of slow growth and stubbornly high unemployment, the OECD warned.

* Fertilizer company Agrium Inc reported a 72 percent decline in quarterly profit on Thursday as crop nutrient prices fell and nitrogen sales volumes weakened.

* Dish Network Corp, the second-largest U.S. satellite TV company after DirecTV, reported a 38 percent rise in profit for the fourth quarter as it added a net 8,000 pay-TV subscribers.

* Base metal miner First Quantum Minerals Ltd reported lower fourth-quarter earnings on Thursday due to weaker metals prices despite an increase in production and lower production costs.

* Royal Bank of Scotland is to shrink its investment banking and international operations in a revamp in which the group could shed up to a quarter of its 120,000 workforce, sources familiar with the matter said.

MARKET SNAPSHOT

* Canada stock futures traded up 0.41 percent

* U.S. stock futures , , were up around 0.18 to 0.25 percent   Continued...