CANADA STOCKS-TSX set to open higher after strong U.S. jobs data

Fri Nov 2, 2012 9:07am EDT
 
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Nov 1 (Reuters) - Canadian stock futures pointed to a higher open on Friday as data showed U.S. employers stepped up hiring in October, a hopeful sign for the economy of Canada's largest export market.

TOP STORIES

* U.S. data showed employers added 171,000 people to their payrolls last month, the Labor Department said on Friday. The government also said 84,000 more jobs were created in August and September than initially estimated.

* Thomson Reuters reported a 15 percent fall in operating profit because of declining revenue and higher costs at its division that serves the financial industry.

* Valeant Pharmaceuticals reported an 81 percent drop in third-quarter profit and the company cut its profit forecast for the current quarter.

* Euro zone manufacturing shrank for the 15th month running in October as output and new orders fell, a survey showed on Friday, likely fuelling expectations of further easing from the European Central Bank.

* The United States and Japan must share responsibility with Europe for ensuring global economic stability, German Finance Minister Wolfgang Schaeuble said, signaling that a G20 meeting this weekend should not focus solely on the euro zone crisis.

MARKET SNAPSHOT   Continued...