CANADA STOCKS-TSX set to open higher after North American jobs data

Fri Feb 7, 2014 9:00am EST
 
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Feb 7 (Reuters) - Canadian stock index futures pointed to a higher open on Friday after North American jobs data showed higher-than-expected gains in Canada, but softer-than-expected U.S. numbers.

TOP STORIES

* U.S. employers hired far fewer workers than expected in January and job gains for the prior month were barely revised up, suggesting a loss of momentum in the economy, even as the unemployment rate hit a new five-year low of 6.6 percent.

* The Canadian economy in January recouped 29,400 of the 44,000 jobs lost in December, registering an even larger jump in full-time positions, while the unemployment rate fell to 7.0 percent from 7.2 percent, Statistics Canada said on Friday.

* Baytex Energy Corp has agreed to buy Aurora Oil & Gas Ltd for C$2.6 billion including debt, targeting the Australian company's Texas shale oil assets and driving its shares to a 15-month high.

* An east-west struggle over Ukraine turned nastier as Moscow accused the United States of fomenting a coup and Washington pointed a finger at Russia for leaking a recording of U.S. diplomats discussing how to shape a new government in Kiev.

* LinkedIn Corp delivered revenue forecasts that fell short of Wall Street's expectations, deflating hopes that the high-flying professional social network can sustain its growth streak and sending its stock 8 percent lower.

MARKET SNAPSHOT   Continued...