CANADA STOCKS-TSX may open higher; investors awaits Bernanke's comments

Thu Jul 18, 2013 8:24am EDT
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July 18 (Reuters) - Canadian stock index futures pointed to a higher open on Thursday, a day after Federal Reserve Chairman Ben Bernanke helped drive the index to a six-week high, as investors watched for further clues from Bernanke's comments when he appears before the U.S. Senate Banking Committee later in the day.


* Shoppers Drug Mart Corp, which has agreed to bought by grocer Loblaw Co Ltd, reported a slight increase in second quarter profit, helped by stronger pharmacy sales.

* Federal Reserve Chairman Ben Bernanke said on Wednesday the U.S. central bank still expects to start scaling back its massive bond purchase program later this year, but he left open the option of changing that plan if the economic outlook shifted.

* Morgan Stanley reported a 42 percent rise in second-quarter profit, helped by higher revenue from trading, underwriting and wealth management.

* UnitedHealth Group Inc reported a bigger-than-expected rise in second-quarter net income as it enrolled more people in private and government-paid health insurance plans and sold more health technology systems.

* Nokia missed analysts forecasts for sales of its handsets in the second quarter as the company struggles to recapture market share it has lost to rivals Samsung and Apple.

MARKET SNAPSHOT   Continued...