CANADA STOCKS-TSX may may open higher, jobs eyed

Fri Jul 6, 2012 8:17am EDT
 
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July 6 (Reuters) - Toronto's main stock index looked set to open slightly higher after Thursday's share price fall, while focus remains on U.S. and Canadian jobs figures that are expected to show tepid growth.

TOP STORIES

* U.S. employers likely quickened the pace of hiring last month but not enough to allay worries that Europe's debt crisis is shifting the economy into low gear.

* Italy's cabinet approved spending cuts worth 4.5 billion euros ($5.57 billion) this year, heading off an impending sales tax increase

* The head of the International Monetary Fund expressed concern about a deterioration in the global economy, saying the outlook has become more worrying as developed and big emerging nations show signs of slowing down.

* Soaring sales of the Galaxy smartphone drove record quarterly profit of $5.9 billion at Samsung Electronics, although the South Korean tech giant is sweating over how Europe's debt crisis is denting demand in its biggest market for televisions and home appliances.

* Canadian oil and gas producer Pengrowth Energy Corp cut its monthly dividend by 43 percent to 4 Canadian cents on weak oil and gas prices, its first cut since November 2009.

MARKET SNAPSHOT

* Canada stock futures traded up 0.06 percent   Continued...