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

Fri Aug 2, 2013 8:51am EDT
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Aug 2 (Reuters) - Canada's main stock index looked set to reverse the previous session's gains and open lower on Friday, with investors cautious following the release of softer-than-expected U.S. payrolls data.


* U.S. employers slowed their pace of hiring in July but the jobless rate fell anyway, mixed signals that could make the U.S. Federal Reserve more cautious about drawing down its huge economic stimulus program.

* Dell Inc's special committee and the buyout group led by company founder and Chief Executive Michael Dell are nearing a deal that would include an offer price of $13.75 per share and a special dividend of 13 cents, a source familiar with the matter said.

* Viacom Inc reported a 14 percent rise in third-quarter revenue on strong advertising and affiliate fees at its cable networks.

* Toyota Motor Corp took a cautious stance on its profit outlook, worried over currency moves and a slowdown in Thailand and other emerging markets, even as healthy earnings on overseas sales lifted it to a near-record quarterly profit.

* Fairfax Financial Holdings Ltd, the property and casualty insurer run by investment guru Prem Watsa, on Thursday reported a second-quarter loss due to losses on its bond portfolio.

MARKET SNAPSHOT   Continued...