CANADA STOCKS-TSX may open lower, Fed minutes eyed

Wed Aug 21, 2013 8:12am EDT
 
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August 21 (Reuters) - Canada's main stock index futures pointed to a lower open on Wednesday ahead of an anxiously awaited U.S. Federal Reserve policy report that might end speculation about when by the U.S. central bank will taper its monetary policy.

TOP STORIES

* Staples Inc, the office supply retailer, reported a drop in quarterly profit on Wednesday, hurt by weak sales in international markets such as Europe and Australia.

* Department store chain Sears Canada Inc posted a profit in the second quarter compared with a loss a year earlier due to lower costs and growth in its apparels and accessories business.

* The home improvement chain Lowe's Cos Inc reported a bigger-than-expected rise in quarterly profit and sales on Wednesday as the housing market's recovery encouraged Americans to spend more on their homes.

* J.M. Smucker Co, the maker of Folgers coffee and Jif peanut butter, reported better-than-expected quarterly profit, helped by lower coffee and peanut costs.MARKET SNAPSHOT

* Canada stock futures traded down 0.01 percent

* U.S. stock futures , , were down around 0.19 percent to 0.13 percent

* European shares, were down COMMODITY PRICE MOVES   Continued...