CANADA STOCKS-TSX may open lower on rising concerns about Fed stimulus

Thu Dec 5, 2013 8:29am EST
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Dec 5 (Reuters) - Canada's main stock index pointed to a lower open on Thursday as recent strong U.S. economic data heightened worries over the potential for an early winding down of Federal Reserve's equity-friendly stimulus.


* The European Central Bank left its main interest rate unchanged at a record low of 0.25 percent, holding course after a pick-up in inflation and a drop in unemployment eased pressure on the bank to act again.

* Royal Bank of Canada said that its quarterly profit rose 11 percent and that Chief Executive Officer Gordon Nixon would step down next summer after 13 years in his position.

* Toronto-Dominion Bank said that its quarterly profit rose 1.6 percent, missing expectations, and it announced a 2-for-1 stock split.

* Dollarama Inc reported a 20 percent rise in profit due to higher sales and new store openings.

* Canadian Imperial Bank of Commerce said that its quarterly profit slipped 1.9 percent after one-time charges offset a rise in retail and wealth management income.