CANADA STOCKS-TSX may open higher, U.S. Fed statement eyed

Wed Jul 31, 2013 8:50am EDT
 
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July 31 (Reuters) - Canada's main stock index looked set to open higher on Wednesday as investors cautiously awaited a statement later in the day from the U.S Federal Reserve policy meeting, which could yield clues on how soon it will curb its monetary stimulus program.

TOP STORIES

* Honda Motor Co announced a lower than expected 5.1 percent rise in quarterly operating profit after sales in Japan dropped following the end of subsidies and as it lagged behind rivals in selling profitable SUVs and pickups in the U.S.

* Europe's EADS confirmed plans to reorganize in three divisions and change its name to Airbus, adopting the look and feel of its arch-rival Boeing in a bid to become more competitive.

* Talisman Energy Inc, the Canadian oil and gas company that is selling assets and refocusing its operations to deal with low natural gas prices, said its second-quarter profit fell 51 percent.

* Torstar Corp, owner of Canada's largest daily newspaper by circulation, reported a fifth straight fall in quarterly profit as print advertising revenue declined.

* Canadian Oil Sands Ltd, which owns the largest stake in the Syncrude Canada Ltd oil sands project in northern Alberta, said on Tuesday its quarterly profit more than doubled on higher oil production and strengthened prices, though it lowered its annual production estimate because of maintenance issues.

MARKET SNAPSHOT

* Canada stock futures traded up 0.26 percent   Continued...