CANADA STOCKS-TSX may open higher on global recovery hopes

Wed Mar 6, 2013 8:28am EST
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March 6 (Reuters) - Canadian stock index futures pointed to a higher open on Wednesday, buoyed by data showing U.S. private employers added the most new jobs in a year in February, which fueled hopes for a global economic recovery.


* U.S. private employers added 198,000 jobs in February, the biggest increase in a year and another sign of improvement in the labor market, a report by a payrolls processor showed on Wednesday.

* Falling investment and consumers' reluctance to spend even at Christmas were behind the euro zone's slide deep into recession in the last three months of 2012, according to a second official estimate.

* Samsung Electronics Co, with a $110 million investment in cash-strapped Sharp Corp , will broaden its supplier base, gain access to low-power thin screen technology and get a foot in the door at one of Apple Inc's key Asian display suppliers.

* Torstar Corp, publisher of the Toronto Star, Canada's largest daily, cut about 67 jobs and said it would rein in costs in 2013 as revenue from its media business remains uncertain.

* First Quantum Minerals Ltd, which is engaged in a hostile takeover bid for rival base metal miner Inmet Mining Corp, reported a 146 percent jump in quarterly profit, helped by higher copper and gold sales.

* Talisman Energy Inc, Canada's No. 6 independent oil producer, said it expects 2013 capital budget to be 25 percent lower that last year.   Continued...