CANADA STOCKS-TSX may open lower despite encouraging Chinese data

Thu Aug 8, 2013 8:31am EDT
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August 8 (Reuters) - Canada's main stock index futures pointed to a lower open on Thursday despite robust Chinese economic data that boosted global markets. TOP STORIES

* Surprisingly firm rebounds in China's exports and imports in July offered some hope that the world's second-largest economy might be stabilising after more than two years of slowing growth, although an imminent rebound still looks unlikely.

* BCE Inc reported a 22 percent fall in profit but a marginal increase in revenue, with strong growth in wireless.

* Quebecor Inc reported a 15 percent rise in quarterly profit, mainly due to growth at its telecommunications business, but total revenue rose less than 1 percent.

* Tim Hortons Inc reported a 14 percent rise in second-quarter profit, and said it would increase its share buyback by C$900 million.

* Agrium Inc reported a fall in quarterly profit due to an unusually cold spring in North America, but said it expected strong demand for crop inputs for the rest of the year.

* Manulife Financial Corp reported a second-quarter profit, just missing analysts' estimates, as it absorbed a smaller loss from financial market movements.MARKET SNAPSHOT

* Canada stock futures traded down 0.13 percent

* U.S. stock futures , , were up around 0.25 percent to 0.43 percent   Continued...