CA-BUSINESS Summary

Share gains pause as jobs report eyed, euro recovers

LONDON (Reuters) - A rally in global share markets paused on Friday as investors braced for monthly jobs data from the United States, while the euro recovered slightly from losses driven by the European Central Bank's decision to cut rates. Analysts expect the April nonfarm payrolls report, due at 1230 GMT (8.30 a.m. ET), to show American employers hired 145,000 people last month, up from March's dismal pace of 88,000 but not enough to erase fears the world's biggest economy is losing steam.

TSX lifted by Manulife results, ECB rate cut

TORONTO (Reuters) - Financial shares pushed Canada's main stock index higher on Thursday after the European Central Bank cut interest rates and insurers Manulife Financial Corp and Great West Life reported encouraging earnings. The market was also supported by data showing the number of Americans filing new jobless benefits claims fell sharply last week to its lowest level since the early days of the 2007-09 recession, a sign the job market is still healing even though the economy remains weak.

Analysis: TPG-Axon won't find quick fixes for SandRidge

(Reuters) - Hedge fund TPG-Axon Capital has won nearly half the seats on SandRidge Energy Corp's board but faces an uphill battle to reverse the oil and gas company's slumping stock price. SandRidge shares have tumbled 20 percent this year to around $5 on disappointing forecasts for its wells in Oklahoma and Kansas, as well as investor uncertainty over its strategic direction.

Surprise Bank of Canada chief stands ready to nurture economy

OTTAWA (Reuters) - Canada tapped an outsider on Thursday to head its central bank, bringing in the well-respected head of the Canadian export credit agency, who immediately stressed the need to nurture a choppy economic recovery. Incoming Bank of Canada Governor Stephen Poloz, 57, worked at the central bank for 14 years earlier in his career. But he has spent the last 14 years at Export Development Canada.

Verizon says will not pay a premium for Vodafone stake - analyst

LONDON (Reuters) - Verizon Communications would like to buy out Vodafone from their Wireless joint venture but will not do so at any cost, its chief executive has told JP Morgan analysts, In a note to clients, analyst Philip Cusick said Verizon boss Lowell McAdam had said he did not believe a premium would be required to buy Vodafone's 45 percent stake in the highly successful Verizon Wireless business, because Verizon already had control through its 55 percent holding.

Analysis: Canadian housing - bursting bubble or gentle landing?

TORONTO (Reuters) - It's looking like an unsettling spring in Canadian housing, a market that has proven far more even-keeled and less scary for investors in recent years than in the United States. In what is traditionally the best season of the year for real estate agents, Toronto agent Ecko Jay says the industry is seeing far fewer buyers, a result of tighter lending rules, high prices and fear of a bubble. In Toronto alone, sales dropped 40 percent in the first quarter from a year earlier, making homeowners and investors jumpy.

Boeing plans to build world's longest-range passenger jet

PARIS/DUBAI (Reuters) - Boeing has shown airlines a blueprint for the world's longest-range passenger jet, adding spice to a long-awaited revamp of its 777 wide-body jet, people familiar with the matter said. Boeing on Wednesday launched a race against Airbus for sales of the newest long-haul jets by announcing it had begun selling an upgraded aircraft family code-named 777X.

RBS returns to profit, to finish restructuring in 2014

LONDON (Reuters) - State-backed Royal Bank of Scotland reported its first quarterly profit in 18 months on Friday and said it expected to complete its restructuring during 2014, potentially enabling the government to start selling shares. RBS, which is 82 percent-owned by the taxpayer, made a pretax profit of 826 million pounds ($1.3 billion), compared with a loss of 1.5 billion pounds in the same period last year. Analysts had forecast a profit of 800 million pounds.

Aurizon says Quebec gold tailings spill is minor

(Reuters) - Aurizon Mines Ltd said on Thursday there had been a "minor discharge" at its Casa Berardi gold mine's tailings facility in Quebec. Aurizon said most of the spilled material, discovered during an inspection on Wednesday evening, had remained inside a containment area, and that it did not expect any impact on operations.

Ontario unveils budget, opposition support not clear

TORONTO (Reuters) - Ontario's minority Liberal government unveiled a budget on Thursday that projected a narrower-than-expected 2013-14 deficit and included measures aimed at securing opposition support and preventing an early election for Premier Kathleen Wynne. However, it was not clear whether the budget will receive enough support to keep the Liberals in power, as opposition New Democratic Party leader Andrea Horwath said she would consult with voters before deciding what to.

Source: http://news.yahoo.com/ca-business-summary-032819979.html

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