CANADA STOCKS-TSX may open higher, tracking Wall Street gains

Wed Nov 14, 2012 8:47am EST
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Nov 14 (Reuters) - Canada's main stock index looked set to open higher on Wednesday after slipping to a two-month low in the previous session, as U.S. stock futures rose following some positive company results.

Stock market gains might be capped by persistent worries about the U.S. "fiscal cliff" and the protracted Greek debt crisis.


* Corporate America is raising the volume of its plea that the U.S. government avert a year-end "fiscal cliff" that could send the nation back into recession, but chief executives aren't pushing the panic button just yet.

* Police and protesters clashed in Spain as millions of workers went on strike across Europe to protest spending cuts they say have made the economic crisis worse.

* Metro Inc reported higher earnings as sales rose, helped by an extra week in the quarter and a recent acquisition.

* Telecoms group Vimpelcom, with assets in Russia, Italy and various emerging markets, said its third-quarter net profit nearly tripled, year-on-year, due to higher operating profit and forex gains, beating expectations.

* Output from euro zone factories in September took its steepest fall since January 2009, dragged down by German industry's loss of resilience after three years of crisis in Europe.   Continued...