CANADA STOCKS-TSX may open higher; corporate earnings in focus

Wed Feb 13, 2013 8:38am EST
 

Feb 13 (Reuters) - Canada's main stock index looked set to open higher on Wednesday, helped by stronger commodity prices, with investors focused on the release of quarterly results from some of the market's biggest companies.

TOP STORIES

* Jack Lew, President Barack Obama's nominee to lead the U.S. Treasury Department, faces a grilling about a big bonus he received from Citigroup and his plans for the government's finances when he testifies before a Senate panel.

* Talisman Energy Inc reported a quarterly profit on gains from asset sales and said it was looking at disposing off some natural gas reserves in North America due to weak gas prices.

* Thomson Reuters reported a 2 percent rise in quarterly operating profit, largely due to cost cutting, and forecast higher revenue in 2013 as its division that serves financial institutions begins to turn around.

* Coeur d'Alene Mines Corp proposed to buy Canada's Orko Silver Corp for about C$384 million, nearly two months after Orko agreed to be sold to First Majestic Silver Corp .

* Duke Energy's net income rises in fourth quarter Duke Energy Corp, the largest power company in the United States, reported higher net income on Wednesday in its second quarterly report since its merger with Progress Energy.

MARKET SNAPSHOT

* Canada stock futures traded slightly higher   Continued...