CANADA STOCKS-TSX may open lower, FOMC minutes in focus

Wed Feb 20, 2013 8:30am EST
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article | Single Page
[-] Text [+]

Feb 20 (Reuters) - Toronto's main stock index futures pointed to a slightly lower open on Wednesday, ahead of the minutes from the Federal Open Market Committee's January meeting which will offer clues on the central bank's monetary thinking.


* BHP Billiton Ltd appointed the head of its non-ferrous business as its CEO to replace Marius Kloppers, the fourth global miner this year to change its top brass as the industry enters a new era of austerity.

* Credit Agricole posted a 6.5 billion-euro full-year loss - the worst since the French bank went public in 2001 - as taxes on the sale of its Greek unit pushed the bank deeper than expected into the red.

* Alberta's current-year deficit may balloon to as much as C$4 billion, more than four times the initial forecast, due to a deep discount on the Western Canadian province's oil and the strong Canadian dollar, the government said on Tuesday.

* Dish Network Corp, the second-largest U.S. satellite TV company after DirecTV, reported a lower-than-expected quarterly profit and added fewer pay-TV subscribers than analysts had expected. [ID: nL4N0BK3VD]

* Dell Inc on Tuesday reported a 31 percent drop in profit, hurt by a shrinking consumer business, as investors weighed founder Michael Dell's offer to buy out the world's No.3 maker of personal computers.

MARKET SNAPSHOT   Continued...