CANADA STOCKS-TSX may open lower; fiscal cliff, euro zone weigh

Fri Nov 9, 2012 8:42am EST
 
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Nov 9 (Reuters) - Canada's main stock index looked set to open lower on Friday, tracking softer global market, as investors remained skeptical over a looming fiscal crisis while euro zone's debt problems also weighed on market sentiment.

TOP STORIES

* Telus Corp, Canada's third-largest wireless company, reported an 8 percent rise in third-quarter profit as it added more postpaid customers than larger rival Rogers Communications Inc's.

* Growth in Germany, Europe's largest economy, is likely to weaken in the fourth quarter of this year and the first of 2013 as firms postpone investments due to the euro zone crisis.

* France's central bank said it expected the euro zone's second-largest economy to slip into recession as 2012 ends - a scenario that could make it harder for the government to hit next year's debt-reduction targets.

* Enerplus reported a third-quarter loss due to certain asset impairments and said it expects growth to slow down next year as it cuts capital spending by 20 percent.

* HSBC, Europe's biggest bank, said it was investigating the alleged loss of data for clients in Jersey but had not been notified of any investigation by tax authorities.

* Credit Agricole reported a 2.85 billion euro quarterly loss, as the French bank paid the price for its exit from Greece and other markets.   Continued...