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.


* 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.


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