CANADA STOCKS-TSX may open lower on Europe fears, Suncor results

Wed Feb 6, 2013 8:44am EST
 
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Feb 6 (Reuters) - Canada's main stock index looked set to open lower on Wednesday, hurt by renewed concerns about the health of the euro zone's economy and weaker-than-expected results from Suncor Energy Inc, the country's biggest oil company.

TOP STORIES

* Suncor posted a fourth-quarter loss as it wrote down the value of its Voyageur oil sands upgrading project just weeks before it is due to make a final decision on whether to build the facility.

* TMX Group Ltd reported a profit for the first full quarter since the operator of the Toronto Stock Exchange was bought by a financial consortium last year.

* Husky Energy Inc, Canada's No.3 oil producer and refiner, reported a 16 percent rise in fourth-quarter net profit, helped by a higher refining margin.

* Canadian property and casualty insurer Intact Financial Corp said fourth-quarter profit more than doubled, helped by higher investment gains.

* John Malone's Liberty Global struck a deal on Tuesday to buy British cable group Virgin Media for about $15.75 billion in stock and cash, a move that would put the U.S. billionaire up against old rival Rupert Murdoch.

* ArcelorMittal forecast improving demand and earnings this year after a wretched 2012 in which sliding European consumption and a Chinese slowdown drove it to a deep net loss.   Continued...