CANADA STOCKS-TSX may open lower as euro zone fears drag

Fri May 25, 2012 8:28am EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

May 25 (Reuters) - Canada's resource heavy main stock index looked set to open lower on Friday, as lingering worries about a possible Greek exit from the euro zone offset firmer commodity prices.


* Europe's economic slowdown has hit the engine-room of the euro zone, including Germany, gloomy new indicators have revealed, adding urgency to the region's struggle to keep Greece's debt crisis from tearing the single currency apart.

* Shares in Spain's fourth-biggest lender, Bankia SA, were suspended on the Madrid stock exchange, ahead of an evening announcement when the bank is expected to ask the state for a rescue of more than 15 billion euros ($19 billion).

* Aerospace and industrial products maker Heroux-Devtek Inc posted a 12 percent rise in quarterly profit, helped by higher sales in its industrial business.

* Canada's Garda World Security Corp's profit rose as its security solutions segment benefited from robust demand in emerging markets.


* Canada stock futures traded lower.   Continued...