CANADA STOCKS-TSX may open higher; ECB and Fed eyed
Nov 6 (Reuters) - Canada's main stock index pointed to a higher open on Wednesday as speculation surrounding the European Central Bank's possible rate cut and the U.S. Federal Reserve's monetary easing policy continued.
* Magna International Inc reported a nearly 13 percent rise in quarterly sales as its European business improved.
* Talisman Energy Inc reported a smaller quarterly net loss compared with the year-earlier quarter, when it took a $1.04 billion impairment charge.
* Agrium Inc reported a sharply lower third-quarter profit and a disappointing forecast for the current fourth quarter.
* Toyota Motor Corp is closing in on a record profit set before the Lehman crisis after topping up its annual net profit forecast by nearly $2 billion and outperforming Japanese rivals as its expansion plans bear fruit.
* Penn West Petroleum Ltd said it aims to sell non-core assets worth $1.5 billion to $2 billion before 2015 as part of a plan to focus on fewer fields centered on the Cardium field in Alberta.
* Torstar Corp reported a quarterly loss as it took an asset impairment charge of C$85.5 million related to its media business.
MARKET SNAPSHOT Continued...