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

Fri May 3, 2013 8:41am EDT
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May 3 (Reuters) - Canada's main stock index looked set to open higher on Friday after stronger-than-expected U.S. jobs data raised hopes about the outlook for the North American economy.


* U.S. employment rose more than expected in April, pushing the unemployment rate to a four-year low of 7.5 percent.

* Britain's dominant services sector recorded its strongest growth since last summer's Olympics in April, a survey showed, adding to signs that the slow economic recovery may be gaining some traction.

* American International Group Inc's property and casualty business booked its first underwriting profit in two and a half years during the first quarter, as the insurer wrote more premiums at higher prices and reported lower losses.

* Eldorado Gold Corp posted a first-quarter loss on Thursday, hit by $125.2 million charge related to a change in the Greek tax rate.

* Canadian Natural Resources Ltd said on Thursday its first-quarter profit fell by half as lower prices and one-time charges offset record oil production.

* Fairfax Financial Holdings Ltd, run by investment guru Prem Watsa, unexpectedly rebounded to a profit in the first quarter, helped by strong underwriting results and investment gains.   Continued...