CANADA STOCKS-TSX set for higher open after strong jobs data

Fri Dec 6, 2013 8:56am EST
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Dec 6 (Reuters) - Canadian stock index futures pointed to a higher open on Friday, as stronger-than-expected U.S. and Canadian jobs data suggested the economy in both countries expanded further in November.


* U.S. employers hired more workers than expected in November and the jobless rate fell to a five-year low of 7.0 percent, which could fan speculation the Federal Reserve could start reducing its bond purchases this month.

* Canada added 21,600 jobs in November, the third consecutive month of modest gains, and the unemployment rate stayed at a nearly five-year low of 6.9 percent, Statistics Canada said on Friday.

* Bank of Nova Scotia, Canada's No. 3 lender, reported a 12 percent rise in quarterly profit, helped by strength in its Canadian retail business, an increase in banking fees and stronger wealth management revenue.

* Kyrgyzstan is suing Canada's Centerra Gold for 15 billion soms ($304 million) over what the government says is ecological damage, marking a new twist in a bitter row with the investor running the largest Kyrgyz gold mine.

* German industrial orders posted their biggest fall in nearly a year in October after a sharp rise in the previous month, as demand for capital goods weakened, Economy Ministry data showed.

* France's Total has agreed to buy a 61.3 percent stake in InterOil's IOC.N Papua New Guinea gas fields for up to $3.6 billion, as part of a plan to build a liquefied natural gas export plant.   Continued...