CANADA STOCKS-TSX set to rise at open, U.S. jobs data supports

Thu May 10, 2012 8:52am EDT
 
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May 10 (Reuters) - Toronto's main stock index looked set to edge higher at the open on Thursday, after hitting a 2012 low on Wednesday, as healthier U.S. jobless claims data helped offset weaker-than-expected Chinese trade numbers.

TOP STORIES

* New U.S. claims for unemployment benefits edged down last week, according to government data that could ease concerns the labor market was deteriorating after April's weak employment growth.

* China risks a fresh downturn in demand for goods from its massive factory sector, with weaker-than-expected exports and stalling headline import growth signaling that government spending is the crucial factor keeping the economy moving.

* Bombardier Inc reported a 14 percent fall in first-quarter profit as aircraft deliveries declined and new orders for its train division were flat.

* Sun Life Financial Inc profit rose 56 percent in the first quarter, helped by stronger stock markets and rising bond yields, Canada's No. 3 life insurer said.

* Canadian oil company Pacific Rubiales Energy Corp swung to a first-quarter profit as a recent acquisition in Peru boosted production, it said on Thursday.

  Continued...