CANADA STOCKS-TSX may open higher; Rogers, Telus in focus
Feb 15 (Reuters) - Canadian stock index futures pointed to a slightly higher open on Friday after Toronto's main stock index hit a one-week low on Thursday, with investors focused on results from major companies like Rogers Communications, Telus and Goldcorp.
* Rogers Communications Inc : The wireless company posted a 30 percent rise in adjusted quarterly profit, helped by cost improvements and revenue growth in all its segments, and increased its annualized dividend.
* Telus posted a 23 percent rise in quarterly profit on Friday, helped by strong growth in its wireless business.
* Goldcorp Inc : The gold producer booked a lower-than-expected drop in adjusted quarterly profit on Thursday and said improved performance at two key mines positioned it for a strong year.
* The Group of 20 major economies struggled to find common ground on currencies and borrowing, exposing rifts between advocates of a dash for growth and supporters of more austerity to revive the world economy.
* ECB's Asmussen urged France to bring its public deficit below the EU ceiling, highlighting an issue that threatens a policy rift between the euro zone's top two economies.
* Enbridge reported an 8 percent fall in quarterly profit as it was hurt by a C$105 million after-tax charge related to certain off-shore assets.
* Canada stock futures traded lower
* U.S. stock futures , , were down around 0.07 percent
* European shares, were up
COMMODITY PRICE MOVES
* Thomson Reuters-Jefferies CRB Index : 299.4055; fell 0.25 percent
* Gold futures : $1,619.5; fell 0.93 percent
* US crude : $96.56; fell 0.77 percent
* Brent crude : $117.58; fell 0.36 percent
* LME 3-month copper : $8,244.75; rose 0.06 percent
CANADIAN STOCKS TO WATCH
* Bombardier : Russia's Rostec is in talks with Bombardier over a possible multimillion-dollar joint venture to build the Canadian plane maker's Q400 aircraft in Russia, the head of the state-owned technology company told Reuters.
* KEYreit : The company, which owns small retail properties across Canada rejected an unsolicited partial takeover bid from Huntingdon Capital Corp, saying the proposal was inadequate, coercive and highly opportunistic.
* Fairfax Financial : The property and casualty insurer run by investment guru Prem Watsa, posted a stronger-than-expected fourth-quarter profit on Thursday, which included a large investment gain, after a year-earlier loss.
Following is a summary of research actions on Canadian companies reported by Reuters.
* Agnico Eagle Mines Ltd : Barclays cuts target price of the company's U.S. -listed shares to $56 from $58 as the company reaffirmed its outlook, despite a faster ramp-up at LaRonde and a smaller decline at Pinos Altos.
* Kinross Gold Corp : Credit Suisse raises to outperform from neutral on senior level management changes and a change in strategy.
* Manitoba Telecom Services Inc : Canaccord Genuity raises target price to C$30 from C$27 to reflect rising rates/potential declines in pension funding.
* Progressive Waste Solutions Ltd : National Bank Financial cuts target price of the company's U.S.-listed shares to $23 from $24, says revenue and EBITDA outlook was slightly below NBF's estimates.
* Silvercorp Metals Inc : Salman Partners cuts target price to C$7.50 from C$9.25 on valuation, after the company reported third-quarter results.
ON THE CALENDAR
* Major Canadian economic data includes manufacturing sales
* Major U.S. events and data includes Empire state index, industrial output, Reuters/UMich sentiment index and current conditions