CANADA STOCKS-TSX could open lower on weak results, RIM outlook
TORONTO Feb 11 (Reuters) - Canada's main stock market index looked set to open lower on Wednesday following a disappointing outlook from Research In Motion RIM.TO and weak results from fertilizer producer Agrium Inc AGU.TO and BCE Inc (BCE.TO: Quote).
But firm oil and gold prices could offset the losses.
Toronto's main stock index fell 2.5 percent on Tuesday, breaking a five-day streak of gains, as energy and financial issues sank on skepticism about whether the U.S. bad-debt plan, will be sufficient to bring health back to that country's financial system.
Below is some of the news that may affect the market:
RIM SEES 4TH-QTR EARNINGS AT LOW END OF FORECAST
Research In Motion RIM.TO said its fourth-quarter earnings and gross margin would be at the low end of its previous forecast range, even as subscriber additions topped expectations, sending shares down 8 percent. [ID:nN11352604]
AGRIUM FOURTH-QUARTER PROFIT FALLS 28 PERCENT
Fertilizer maker and agricultural products retailer Agrium Inc AGU.TO AGU.N said on Wednesday that fourth-quarter profit fell 28 percent due to inventory write-downs and lower sales volumes. [ID:nN11346773]
BCE REPORTS LOSS, FORECASTS PROFIT GAIN IN 2009 Continued...