CANADA STOCKS-TSX may open flat; weak U.S. data weighs

Tue Feb 4, 2014 8:21am EST
 
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Feb 4 (Reuters) - Canada's main stock index pointed to a flat open on Tuesday after weaker-than-expected U.S. economic data raised worries about a slowdown in the country's largest trading partner.

TOP STORIES

* BP reported a sharp drop in fourth-quarter profits partly due to weakness in its refining business, providing more evidence of difficult times across the "big oil" sector.

* WestJet Airlines Ltd reported an 11 percent rise in fourth-quarter profit as costs fell, and the company raised its dividend.

* Switzerland's UBS swung to a larger-than-expected fourth-quarter profit and announced higher dividends and bonuses, some reward for bucking trends to shrink its investment bank and reduce riskier activities.

* Suncor Energy Inc said on Monday it swung to a fourth-quarter profit of C$443 million as crude output from northern Alberta oil sands hit record highs.

* Wal-Mart Stores Inc said it would invest about $500 million this year to strengthen its presence in Canada, creating more than 7,500 jobs including construction.MARKET SNAPSHOT

* Canada stock futures traded up 0.06 percent   Continued...