CANADA STOCKS-TSX may lower ahead of U.S. GDP data

Fri Apr 26, 2013 8:20am EDT
 
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April 26 (Reuters) - Canada's main stock index looked set to open lower on Friday as investors turned cautious ahead of an initial reading of growth data from the world's largest economy.

TOP STORIES

* Bank of Japan policymakers are divided whether the central bank can meet its inflation target in two years, underlining concerns it has set an unrealistic goal in its battle to end 15 years of deflation with a massive burst of monetary stimulus.

* Samsung Electronics Co Ltd reported its sixth straight quarter of profit growth ahead of the debut of its latest Galaxy smartphone, the South Korean IT giant's biggest assault on rival Apple Inc yet.

* French oil firm Total posted a fall in first-quarter profit due to lower oil prices and a drop in oil and gas output, partly offset by a rise in its refining and chemicals business. * Agnico-Eagle Mines Ltd reported a drop in quarterly profit, hurt by lower gold prices and production, and raised its forecast cash costs for the year. * Amazon.com Inc's revenue growth slowed in the first quarter as the world's largest Internet retail struggled overseas, but margins jumped on lower shipping expenses and the expansion of more profitable new businesses.

MARKET SNAPSHOT

* Canada stock futures traded down 0.39 percent

* U.S. stock futures , , were down around 0.16 percent to 0.35 percent

* European shares, were down   Continued...