CANADA STOCKS-TSX may open lower after reaching 3-year high

Tue Feb 25, 2014 8:24am EST
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Feb 25 (Reuters) - Canada's main stock index looked set to open lower on Tuesday after climbing to its highest level in nearly 3 years in the previous session.


* In Europe, foreign trade propelled growth in the region's largest economy in the fourth quarter while domestic demand, which had been a key growth driver throughout the rest of the year, was a drag.

* Home Depot Inc reported a higher-than-expected quarterly profit as the world's largest home improvement chain kept a tight lid on costs to offset weak sales.

* Bank of Montreal said its quarterly profit rose 2 percent as stronger Canadian retail banking income and lower loan loss provisions more than made up for a weaker performance at its U.S. division.

* National Bank of Canada said on Monday its first-quarter profit rose 9 percent, driven by stronger wealth management and financial markets income.

MARKET SNAPSHOT   Continued...