CANADA STOCKS-TSX may open higher as Syria tension eases

Thu Aug 29, 2013 8:29am EDT
 
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Aug 29 (Reuters) - Canadian stock index futures pointed to a higher open on Thursday, helped by signs of a delay in U.S. military action against Syria and stronger-than-expected results from some of Canada's biggest banks.

TOP STORIES

* President Barack Obama made the case on Wednesday for a limited military strike against Syria in response to last week's chemical weapons attack even as he faced new obstacles with British allies and U.S. lawmakers that could delay any imminent action.

* Vodafone Group PLC said it was in talks with Verizon Communications Inc to sell its 45 percent stake in their U.S. joint venture Verizon Wireless for what a Bloomberg report said would be about $130 billion.

* Royal Bank of Canada reported a 3 percent rise in quarterly profit, topping analysts' estimates, as higher consumer loan volumes and wealth management fees more than offset a drop in fixed-income trading revenue.

* Toronto-Dominion Bank's quarterly profit fell 10 percent, as the lender took C$418 million in insurance-related charges partly related to severe weather in Canada during the summer.

* Canadian Imperial Bank of Commerce's third-quarter profit rose 6 percent, driven by stronger retail banking and wealth management income, it said.

MARKET SNAPSHOT   Continued...