CANADA STOCKS-TSX may open lower, corporate earnings eyed

Thu Jul 25, 2013 8:31am EDT
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July 25 (Reuters) - Canada's main stock index looked set to open lower on Thursday amid a slew of second-quarter corporate earnings and as investors remained on edge on persistent worries about China's slowdown following weak economic data.


* Teck Resources Ltd reported a sharp drop in second-quarter earnings on lower copper and coal prices and cut its capital spending plan through 2014, delaying new mining projects.

* Potash Corp of Saskatchewan, the world's biggest fertilizer producer, reported a lower-than-expected quarterly profit and cut its outlook as prices of its crop nutrients fell.

* Husky Energy Inc reported a 40 percent jump in second-quarter profit due to higher refining margins.

* Gold miner Agnico Eagle Mines Ltd reported a net loss on Wednesday, hurt in part by a maintenance shutdown, and said it is "reviewing all aspects" of its business in light of the recent drop in gold prices.

* Facebook Inc delivered strong evidence it can thrive on smartphones and tablets on Wednesday, reporting a much better-than-anticipated surge in mobile advertising revenue in the second quarter that ignited a nearly 17 percent share rally.