CANADA STOCKS-TSX may open higher, results in focus

Tue May 1, 2012 8:51am EDT
 
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May 1 (Reuters) - Toronto's main stock index looked set to edge up at the open on Tuesday, extending gains from the previous session, with investors expected to focus on results from companies including Cameco Corp.

Toronto's main stock index finished at its highest level in nearly a month on Monday and closed above its 200-day moving average, which is typically seen as a bullish signal.

TOP STORIES

* Canada's largest oil producer and refiner, Suncor Energy , posted higher-than-expected first-quarter earnings and raised its dividend.

* Thomson Reuters Corp reported a higher-than-expected profit for the first quarter on strong sales in its tax and accounting division, and the company affirmed its outlook for the year.

* Canadian oil and gas producer Talisman Energy Inc reported a first-quarter profit on higher production of liquids from Southeast Asia and North American shales, but it cut capital spending plans again as gas prices remain weak.

* TMX Group : The consortium of Canadian financial institutions bidding for the operator of the Toronto Stock Exchange extended its offer for a seventh time on Monday and announced two deals.

* WestJet Airlines Ltd, Canada's second-largest airline, reported a 42 percent rise in first-quarter earnings as it flew more passengers despite fare increases.   Continued...