CANADA STOCKS-TSX may open higher, Fed outcome eyed

Wed Aug 1, 2012 8:31am EDT
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Aug 1 (Reuters) - Canada's main stock index looked set to open higher, with all eyes on the outcome of a meeting where the U.S. Federal Reserve is expected to show it is ready to act against a weakening economy, but stop short of aggressive measures for now.


* The euro zone's manufacturing sector contracted for the 11th straight month in July as output and new orders plummeted, a business survey found.

* Talisman Energy Inc, the No.5 Canadian independent oil producer, reported a 72 percent fall in second-quarter profit on low natural gas prices and higher operating costs.

* Canadian publisher Torstar Corp reported a 68 percent fall in second-quarter profit citing weak spending by advertisers.

* The takeover of Canadian stock market operator TMX Group by a group of financial institutions has been approved by TMX's shareholders, bringing all of Canada's main securities exchanges under a single umbrella.


* Canada stock futures traded up 0.29 percent   Continued...