CANADA STOCKS-TSX may open lower, Syrian crisis raises concern

Tue Aug 27, 2013 8:16am EDT
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Aug 27 (Reuters) - Uncertainty surrounding possible U.S. military action against Bashar al-Assad's Syrian government helped push Canadian stock index futures lower on Tuesday.


* Bank of Montreal's third-quarter profit rose 17 percent, as the Canadian 4 bank benefited from higher insurance income and lower provisions for bad loans.

* Bank of Nova Scotia's third-quarter profit fell 14 percent after a big gain from a sale in the year-before period, it said.

* British Prime Minister David Cameron said that a suspected chemical weapons attack in Syria was "absolutely abhorrent" and necessitated action from the international community with Britain considering a "proportionate response".

* Hedge fund manager William Ackman, the biggest shareholder in J.C. Penney Co, said on Monday he had sold his entire stake after his campaign to overhaul the retailer failed.

* A pick-up in manufacturing drove German business sentiment to its highest level in 16 months in August, adding to evidence that Europe's largest economy is bouncing back from a brief slowdown.


* Canada stock futures traded down 0.26 percent   Continued...