CANADA STOCKS-TSX may open lower on weak U.S. economic data

Wed Feb 19, 2014 8:13am EST
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Feb 19 (Reuters) - Canadian stock index futures pointed to a lower open on Wednesday, after weak U.S. economic data raised concerns about the outlook for North American growth.


* U.S. homebuilder confidence suffered its largest one-month drop ever in February, heightening concerns that recent signs of weakness in the economy reflect deeper problems than the severe weather that has gripped much of the country.

* Canadian Natural Resources Ltd said it would buy some of Devon Energy Corp's liquids-rich natural gas assets in Canada for $3.13 billion.

* Yamana Gold Inc reported a net loss for the fourth quarter on Tuesday due to a $535.8 million after-tax impairment charge it booked on several exploration and producing properties partly caused by the drop in metal prices.

* Navigation device maker Garmin Ltd reported a better-than-expected quarterly profit, helped by strong demand for its aviation and fitness products.

* U.S. fertilizer producer CF Industries Holdings Inc posted a lower fourth-quarter profit on Tuesday, but the fall from record-high earnings a year earlier was not as steep as analysts had expected.


* Canada stock futures traded down 0.21 percent   Continued...