CANADA STOCKS-TSX may open lower; U.S. payrolls data drags

Mon Jan 13, 2014 8:22am EST
 
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Jan 13 (Reuters) - Canada's main stock index looked set to open lower on Monday as weak-than-expected U.S. payrolls data weighed on investor sentiment, reviving speculation about the timeline of the Federal Reserve's monetary policy tapering.

TOP STORIES

* Suntory Holdings Ltd said it plans to buy Beam Inc for $16 billion, including debt, making the Japanese company the world's third-largest maker of distilled drinks.

* Upscale yogawear retailer Lululemon Athletica Inc cut its current-quarter forecast after sales declined in the first two weeks of January.

* Goldcorp Inc launched a bid to buy fellow gold miner Osisko Mining Corp for C$2.6 billion in cash and stock to gain access to Osisko's Malartic mine in Quebec.

* Global banking regulators agreed on Sunday to ease the way a new rule, meant to rein in risky balance sheets from 2018, is compiled to try to avoid crimping financing for the world's economy.

MARKET SNAPSHOT

* Canada stock futures traded down 0.14 percent

* U.S. stock futures , , were down around 0.05 percent to 0.22 percent   Continued...