TSX opens lower - Bankers Pet, Raymond James Target $18.00

BANKERS PETROLEUM LTD. (Toronto:BNK.TO) Delayed quote data

Last Trade: 6.94 CAD Trade Time: 10:24AM EST Change: 0.16 (2.25%) Prev Close: 7.10 Open: 7.02 Bid: 6.93 Ask: 6.94 1y Target Est: N/A

Day's Range: 6.91 - 7.05 52wk Range: 4.42 - 9.74 Volume: 1,898,627 Avg Vol (3m): 2,700,930 Market Cap: N/A P/E (ttm): N/A EPS (ttm): N/A Div & Yield: N/A (N/A%)

CANADA STOCKS-TSX set to open lower on weak jobs data

09:01 EDT Friday, October 08, 2010

Oct 8 (Reuters) - Toronto's main stock index looked set to open lower on Friday, hurt by reports showing unexpected job losses in the United States and Canada.

FACTORS TO WATCH

* Canadian equity futures > pointed to a lower open.

* Canadian dollar touched a session low against the U.S. currency after the domestic economy unexpectedly lost 6,600 jobs in September. [CAD/] [ID:nN08200558]

* U.S. stock index futures rose on Friday as investors took a worse-than-expected jobs report as a sign the Federal Reserve would take more action to spur an economic recovery. [.N]

* European shares slipped, with Barclays leading the banking sector lower as a key investor effectively further cut his stake. [.EU]

* Markets in Asia were mostly down as investors took profits, but Shanghai bucked the trend to gain 3.1 percent, its highest level since early May as local markets caught up with a global rally after a week-long National Day holiday.

COMMODITY PRICE MOVES

* The Thomson Reuters-Jefferies CRB index <.CRB>, a global commodities benchmark, rose 0.07 percent in early trade.

* Oil prices slipped towards $80 a barrel, with some wary that the dollar-fuelled rally may have run ahead of supply and demand fundamentals. [O/R]

* Gold fell from Thursday's record high after a Federal Reserve official was quoted as saying the pursuit of further U.S. monetary easing was a "tough call". [GOL/]

* Copper on Friday fell further away from the week's two-year highs as cautious investors awaited clues on economic recovery and possible further monetary easing in the world's largest economy. [MET/L]

CANADIAN STOCKS TO WATCH

* Research in Motion : The United Arab Emirates will not suspend BlackBerry services on Oct. 11 after resolving a dispute with RIM over access to email and other data, state news WAM agency said on Friday. [ID:nLDE6970AM]

* TransCanada Corp : The Ontario government said on Thursday it no longer sees a need for Canada's largest pipeline company to build a C$1.2 billion ($1.18 billion) natural gas-fired power plant in the suburbs of Toronto because the region now has adequate power supplies. [ID:nN07214679]

* DragonWave Inc : The telecom equipment maker eked out a second-quarter profit on Thursday despite a fall-off in business from major customer Clearwire, as it looks ahead to booming interest in high-speed wireless networks. [ID:nN07167366]

ANALYST RECOMMENDATIONS

Following is a summary of research actions on Canadian companies reported by Reuters. [RCH/CA]

* Bankers Petroleum target price cut to C$18 from C$20; rating strong buy at Raymond James

* DragonWave target price raised to C$5.75 from C$4.75; rating underperform at Raymond James

* Kiska Metals coverage started with outperform rating; target price of C$1.70 at Raymond James

* Precision Drilling Corp. target price raised to C$9.25 from C$8.25; rating outperform at Raymond James

($1=$1.02 Canadian) (Reporting by Bangalore newsroom; editing by Jeffrey Hodgson)

©2010 CTVglobemedia Publishing Inc. All rights reserved.

VOLUME LEADERS

Symbol Name Last Trade Change Volume Related Info ARE-DBA.TO AECON GROUP INC 6.25% CV DEB 103.49 10:23AM EST 0.49 (0.48%) 6,464,000 More HNU.TO HORIZONS BETA PRO NYMEX NAT GAS 3.26 10:23AM EST 0.04 (1.24%) 2,773,828 More ELR.TO EASTERN PLATINUM LIMITED 1.49 10:20AM EST 0.03 (2.05%) 2,461,052 Reports, More AND.TO ANDEAN RESOURCES LIMITED 6.28 10:23AM EST 0.07 (1.13%) 2,262,704 Reports, More K.TO KINROSS GOLD CORP. 19.19 10:24AM EST 0.04 (0.21%) 2,099,193 Reports, More BBD-B.TO BOMBARDIER INC., CL. B, SV 5.25 10:23AM EST 0.02 (0.38%) 1,977,500 Reports, More WTN.TO WESTERN COAL CORP 6.80 10:23AM EST 0.11 (1.64%) 1,901,970 Reports, More BNK.TO BANKERS PETROLEUM LTD. 6.92 10:24AM EST 0.18 (2.54%) 1,894,427 Reports, More SUE.TO SULLIDEN GOLD CORPORATION LTD 1.25 10:24AM EST 0.05 (4.17%) 1,372,250 Reports, More GTE.TO GRAN TIERRA ENERGY INC. 7.71 10:21AM EST 0.21 (2.80%) 1,241,779 Reports, More CNL.TO CONTINENTAL GOLD LTD 6.90 10:08AM EST 0.21 (3.14%) 1,231,676 More HOU.TO HORIZON BETAPRO NYMEX CRDE OIL 6.74 10:24AM EST 0.09 (1.35%) 1,157,778 More MFC.TO MANULIFE FIN 12.43 10:24AM EST 0.16 (1.27%) 1,151,803 Reports, More CLQ.TO CANADA LITHIUM CORP 0.78 10:23AM EST 0.03 (4.00%) 1,116,241 More TCK-B.TO Teck Resources Limited 44.84 10:23AM EST 0.94 (2.14%) 1,052,115 Reports, More XIU.TO iSHARES SP TSX 60 INDEX FUND 18.13 10:20AM EST 0.06 (0.33%) 1,016,147 More LUN.TO LUNDIN MINING CORP. 5.40 10:23AM EST 0.10 (1.89%) 1,011,377 Reports, More AGU.TO AGRIUM INC 81.06 10:24AM EST 4.37 (5.70%) 976,897 Reports, More MAI.TO MINERA ANDES INC. 2.06 10:20AM EST 0.02 (0.98%) 883,737 Reports, More IAU.TO INTREPID MINES LTD. 1.59 10:23AM EST 0.04 (2.58%) 776,262 Reports, More YRI.TO YAMANA GOLD INC 11.69 10:24AM EST 0.03 (0.26%) 771,206 Reports, More HOD.TO HORIZON BETA PRO NYMEX CRDE OIL 9.19 10:22AM EST 0.13 (1.39%) 759,203 Reports, More RCI-B.TO ROGERS COMMUNICATIONS INC. CL B 39.87 10:23AM EST 0.03 (0.08%) 755,668 Reports, More HGU.TO HORIZONS BETAPRO S&P/TSX GLOBAL 16.43 10:24AM EST 0.13 (0.80%) 718,481 More G.TO GOLDCORP INC 44.72 10:24AM EST 0.31 (0.70%) 703,333 Reports, More