CANADA STOCKS-TSX may open higher on resources, results eyed
TORONTO Feb 11 (Reuters) - Toronto's main stock market index may open higher on Thursday on firm commodity prices and optimism over a financial rescue for Greece, but disappointing Canadian corporate results could curb enthusiasm.
Investors will also take time to digest a slew of corporate results from the country's top insurers and retailers including Shoppers Drug Mart SC.TO and Manulife Financial (MFC.TO: Quote) for direction.
Toronto's main stock market index edged higher on Wednesday as financials were helped by hopes that a resolution to Greece's debt woes was near, but resource stocks were pressured by volatile commodity prices.[ID:nN10190336]
Here is some of the news that may affect the market.
AID TO GREECE
European leaders have reached a deal to provide aid to Greece, EU president Herman Van Rompuy said on Thursday, in an unprecedented move to stave off a broader crisis in the 16-nation bloc that shares the euro.[ID:nLDE61A0W2]
SUN LIFE FINANCIAL
Sun Life Financial (SLF.TO: Quote) said on Thursday quarterly profit more than doubled, aided by stock market gains and improved sales, but the results came in below market expectations.[ID:SGE61A0HB]
ENCANA CORP Continued...