CANADA STOCKS-TSX may open higher on Chinese PMI data

Thu Oct 24, 2013 8:28am EDT
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Oct 24 (Reuters) - Canadian stock index futures pointed to a higher open on Thursday as data that showed activity across China's vast factory sector reached a seven-month high eased concerns of a slowdown in the world's second largest economy.


* The euro zone economy is only expanding slowly, according to surveys on Thursday that showed the rate of growth eased unexpectedly in the private sector this month, although globally, factories in China ratcheted up production.

* Potash Corp of Saskatchewan reduced its outlook for full-year earnings more than Wall Street expected, as buyers backed away from the key fertilizer ingredient potash due to uncertainty caused by the breakup of rival Belarusian Potash Co.

* Husky Energy Inc reported a 3 percent fall in quarterly profit as its refining business was hurt by a sharp drop in market crack spreads, or the price difference between crude oil and the refined product.

* Rogers Communications Inc reported a third-quarter profit that topped expectations, on the back of strong results from its cable and wireless business.

* Teck Resources Ltd reported a 41 percent drop in quarterly adjusted profit as higher coal sales volumes failed to offset weaker prices.

* Canadian media company Corus Entertainment Inc's profit nearly halved as a rise in specialty advertisement revenue failed to offset weakness in its radio division.