2 Min Read
Feb 10 (Reuters) - Canadian stock index futures pointed to a lower open on Monday after hitting a two-week high on Friday in the wake of North American jobs data.
* An index measuring optimism among British businesses hit its highest for 22 years in January, providing more evidence of a rebound in the UK economy.
* Cameco on Friday scrapped its lofty production target for uranium due to excess global supply in an uncertain market.
* Loews Corp, controlled by the billionaire Tisch family, reported a bigger quarterly loss, hurt by impairment charges.
* Barclays Plc said its 2013 underlying earnings dropped by a quarter from the year before to 5.2 billion pounds, below expectations.
* Canada stock futures traded down 0.22 percent
* U.S. stock futures , , were down modestly
* European shares, were up
* Thomson Reuters-Jefferies CRB Index : 289.7936; fell 0.21 percent
* Gold futures : $1,273.4; rose 0.8 percent
* US crude : $99.52; fell 0.36 percent
* Brent crude : $109.35; fell 0.2 percent
* LME 3-month copper : $7,144; rose 0.04 percent
* HudBay Minerals Inc : The company has offered to buy shares of Augusta Resource Corp it does not already own for C$2.96 per share in stock, to gain access to Augusta's Rosemont copper deposit in Arizona.
Following is a summary of research actions on Canadian companies reported by Reuters.
* Dorel Industries Inc : CIBC cuts target price to C$39 from C$41 after the company announced earnings would be low, sees results strained through the forecast period
* Firstservice Corp : CIBC raises target price to C$50 from C$40 ahead of the company's results, sees increase in revenue and says global industry volumes increased 22 percent
* Gluskin Sheff + Associates Inc : CIBC raises target price to C$31.50 from C$24 based on strong investment performance and improving net flows
* Major Canadian data includes housing starts
* No major economic events scheduled in the day