CANADA STOCKS-TSX may open higher as U.S. corporate earnings support

Tue Jul 9, 2013 8:29am EDT
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July 9 (Reuters) - Canada's main stock index looked set to open higher on Tuesday as investor sentiment was buoyed by positive U.S. economic data and a solid start to the second-quarter U.S. earnings season.


* China's annual consumer inflation accelerated more than expected in June but factory-gate deflation persisted for a 16th month, underscoring the policy dilemma facing the People's Bank of China as it worries about long-term price risks even as economic growth slows.

* Grocery store operator Kroger Co said it would acquire Harris Teeter Supermarkets Inc in a deal valued at $2.5 billion, including debt, to expand in the U.S. south east and mid-Atlantic states.

* Jean Coutu Group Inc's first-quarter profit fell 77 percent, mainly due to lower generic drug prices.

* Alcoa Inc still sees global demand for aluminum products growing 7 percent this year, signalling a potential price rise for the metal as bulging Chinese aluminum inventories begin to dwindle.


* Canada stock futures traded up 0.5 percent   Continued...