CANADA STOCKS-TSX may open lower ahead of Fed policy meet

Tue Oct 29, 2013 8:24am EDT
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Oct 29 (Reuters) - Canada's main stock index looked set to open flat to slightly lower on Tuesday ahead of a two-day Federal Reserve policy meeting, with markets widely expecting the U.S. central bank will continue with its monetary stimulus program.


* Pfizer Inc reported better-than-expected third-quarter earnings, helped by costs cuts and growing sales of recently approved cancer medicines.

* The cost of cleaning up the banking industry dominated third-quarter results from Deutsche Bank and UBS, as unexpected hits for potential legal costs overshadowed their day-to-day performance.

* BP Plc kicked off the results season for top global oil firms with forecast-beating profits and a dose of what the industry's investors want - a dividend hike, plans for asset sales, and a promise to keep a lid on spending.

* Apple Inc's profit and margins slid despite selling 33.8 million iPhones in its September quarter, and greater China revenue climbed just 6 percent even though two smartphone models hit store shelves in its second-largest market last month.

* Thomson Reuters Corp said net sales in its Financial & Risk division turned positive for the first time since 2011.MARKET SNAPSHOT

* Canada stock futures traded down 0.09 percent   Continued...