CANADA STOCKS-TSX may open higher on stimulus hopes

Fri Jul 27, 2012 8:11am EDT
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July 27 (Reuters) - Toronto's resource-heavy index looked set to open higher on Friday, tracking global markets on reinvigorated hopes that central bank meetings next week will bring new steps to help the struggling global economy.


* Canadian paper maker Domtar Corp posted a 9 percent rise in second-quarter profit on growth at its personal care segment.

* TMX Group Inc, operator of the Toronto Stock Exchange, reported a sharp fall in second-quarter profit ahead of its C$3.8 billion takeover by the Maple Group consortium.

* Canadian toy maker Mega Brands Inc's quarterly profit rose five-fold on higher sales in North America.

* Canadian trucker TransForce Inc reported a 30 percent higher second-quarter profit on improved performance of its package and courier unit.

* Germany's powerful Bundesbank pushed back on Friday against European Central Bank President Mario Draghi's pledge to do whatever is necessary to protect the euro zone from collapse, but markets rallied on a report of imminent policy action.

* China's state oil company CNOOC has asked the U.S. government to review its $15.1 billion takeover bid for Canadian oil company Nexen, which has about 10 percent of its assets in the United States, a source close to CNOOC told Reuters on Friday.

MARKET SNAPSHOT   Continued...