CANADA STOCKS-TSX may open lower on weak EU data, results eyed

Wed May 2, 2012 8:33am EDT
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May 2 (Reuters) - Canada's resource heavy main stock index looked set for a lower open on Wednesday, as weak euro zone manufacturing data offset optimism from recent corporate results and signs of strength in U.S factories.


* The euro zone's manufacturing sector slipped further into decline last month as a downturn that started in the periphery appears to be taking root among core members France and Germany, a survey showed.

* Barrick Gold said its first-quarter profit rose, driven by a surge in bullion prices, and the world's largest gold miner raised its quarterly dividend 33 percent.

* Canadian utility Fortis Inc's quarterly profit rose 4 percent partly on lower tax.

* Yamana Gold Inc said on Tuesday its quarterly profit rose 15 percent as revenue was boosted by higher production and stronger gold prices.

* Open Text Corp. : The business software company said on Tuesday it agreed to acquire EasyLink Services, a provider of cloud-based messaging services, for $232 million, in an attempt to tap business in the growing Cloud and mobile environments.

MARKET SNAPSHOT   Continued...