CANADA STOCKS-TSX may open lower, Fed minutes eyed

Wed Aug 21, 2013 8:12am EDT
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August 21 (Reuters) - Canada's main stock index futures pointed to a lower open on Wednesday ahead of an anxiously awaited U.S. Federal Reserve policy report that might end speculation about when by the U.S. central bank will taper its monetary policy.


* Staples Inc, the office supply retailer, reported a drop in quarterly profit on Wednesday, hurt by weak sales in international markets such as Europe and Australia.

* Department store chain Sears Canada Inc posted a profit in the second quarter compared with a loss a year earlier due to lower costs and growth in its apparels and accessories business.

* The home improvement chain Lowe's Cos Inc reported a bigger-than-expected rise in quarterly profit and sales on Wednesday as the housing market's recovery encouraged Americans to spend more on their homes.

* J.M. Smucker Co, the maker of Folgers coffee and Jif peanut butter, reported better-than-expected quarterly profit, helped by lower coffee and peanut costs.MARKET SNAPSHOT

* Canada stock futures traded down 0.01 percent

* U.S. stock futures , , were down around 0.19 percent to 0.13 percent

* European shares, were down COMMODITY PRICE MOVES   Continued...