May 10 (Reuters) - Toronto’s main stock index looked set to edge higher at the open on Thursday, after hitting a 2012 low on Wednesday, as healthier U.S. jobless claims data helped offset weaker-than-expected Chinese trade numbers.
* New U.S. claims for unemployment benefits edged down last week, according to government data that could ease concerns the labor market was deteriorating after April’s weak employment growth.
* China risks a fresh downturn in demand for goods from its massive factory sector, with weaker-than-expected exports and stalling headline import growth signaling that government spending is the crucial factor keeping the economy moving.
* Bombardier Inc reported a 14 percent fall in first-quarter profit as aircraft deliveries declined and new orders for its train division were flat.
* Sun Life Financial Inc profit rose 56 percent in the first quarter, helped by stronger stock markets and rising bond yields, Canada’s No. 3 life insurer said.
* Canadian oil company Pacific Rubiales Energy Corp swung to a first-quarter profit as a recent acquisition in Peru boosted production, it said on Thursday.
* Canada stock futures traded up 0.41 percent
* U.S. stock futures , , were up around 0.30 percent.
* European shares, were up
* Thomson Reuters-Jeffries CRB Index : 295.08; rose 0.08 percent
* Gold Futures : $1,594.2; rose 0.03 percent
* US Crude : $96.74; fell 0.07 percent
* Brent Crude : $113.06; fell 0.12 percent
* LME 3-month Copper : $8091.5; rose 0.47 percent
* Canada’s Cineplex Inc reported a profit in the first-quarter as blockbuster movies such as ‘The Hunger Games’ helped raise attendance at its theaters, and the motion picture exhibitor raised its annual dividend by 5 percent.
* AuRico Gold Inc. : The company’s first-quarter adjusted profit almost tripled as the company sold more gold at higher price.
* AltaGas Ltd : An AltaGas pipeline ruptured and leaked natural gas and liquid byproducts on aboriginal land in central Alberta, but the company and regulators said on Wednesday that it appears initially to be a small spill.
* Fibrek Inc. : The specialty pulp maker which is being acquired by Resolute Forest Products, posted a second straight quarterly loss, as pulp prices continue to decline.
* Magna International : Japan’s Nissan Motor Co said that Magna Steyr, the European unit of Magna International, will assemble Infiniti brand compact cars beginning in 2014.
Following is a summary of research actions on Canadian companies reported by Reuters.
* Enbridge : Canaccord Genuity raises price target to C$41 from C$40 as the company continues to expand and take up more projects; rating hold
* Shawcor Ltd : RBC raises price target to C$44 from C$38 on a strong outlook and a hike in quarterly dividend
* Trinidad Drilling : CIBC raises to sector outperformer from sector performer on strong 1st-quarter results, cash flow
* Canfor Pulp Products : RBC raises to sector perform from underperform on valuation
* Peyto Exploration : Barclays raises target to C$20 from C$19, on solid 1st-quarter results; rating equal weight
* Major Canadian economic data includes international trade and new housing price index
* Major U.S. events and data includes U.S. trade balance, jobless claims and federal budget