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

Jan 13 (Reuters) - Canada's main stock index looked set to open lower on Monday as weak-than-expected U.S. payrolls data weighed on investor sentiment, reviving speculation about the timeline of the Federal Reserve's monetary policy tapering.

TOP STORIES

* Suntory Holdings Ltd said it plans to buy Beam Inc for $16 billion, including debt, making the Japanese company the world's third-largest maker of distilled drinks. News Search ID:nL6N0KN1TV

* Upscale yogawear retailer Lululemon Athletica Inc cut its current-quarter forecast after sales declined in the first two weeks of January. News Search ID:nL3N0KN2MR

* Goldcorp Inc G.TO launched a bid to buy fellow gold miner Osisko Mining Corp OSK.TO for C$2.6 billion in cash and stock to gain access to Osisko's Malartic mine in Quebec.

News Search ID:nL3N0KN2SC

* Global banking regulators agreed on Sunday to ease the way a new rule, meant to rein in risky balance sheets from 2018, is compiled to try to avoid crimping financing for the world's economy. News Search ID:nL6N0KM0J6

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MARKET SNAPSHOT

* Canada stock futures 0#SXF: traded down 0.14 percent

* U.S. stock futures 0#SP: , 0#DJ: , 0#ND: were down around 0.05 percent to 0.22 percent Href="NewsSearch">.N

* European shares .FTEU3 , .STOXX were up Href="NewsSearch">.EU

COMMODITY PRICE MOVES

* Thomson Reuters-Jefferies CRB Index .TRJCRBTR : 275.8291; fell 0.07 percent

* Gold futures GCc1 : $1,245.5; fell 0.1 percent Href="NewsSearch">GOL/

* US crude CLc1 : $92.1; fell 0.67 percent Href="NewsSearch">O/R

* Brent crude LCOc1 : $106.99; fell 0.24 percent Href="NewsSearch">O/R

* LME 3-month copper CMCU3 : $7,272.5; fell 0.41 percent

Href="NewsSearch">MET/L

STOCKS TO WATCH

* Magna International MG.TO : A possible recovery in the European car market could send the vehicle-parts producer's share price higher in 2014, following a 64 percent jump last year, Barron's said in its latest edition published on Sunday.

News Search ID:nL2N0KM0H4

* TransCanada Corp TRP.TO : The company will start its 700,000-barrel-per-day Gulf Coast crude oil pipeline project in "the next 10 days", the company's CFO Don Marchand said.

News Search ID:nL6N0KN1S0

ANALYSTS' RECOMMENDATIONS

Following is a summary of research actions on Canadian companies reported by Reuters. Href="NewsSearch">RCH/CA

* Barrick Gold Corp ABX.TO : Canaccord Genuity cuts to sell from hold and cuts price target to C$17.50 from C$20 on the company's recent share price outperformance

* Agnico Eagle Mines Ltd AEM.TO : Canaccord Genuity raises to buy from hold in anticipation of positive catalysts ahead and an enhanced safety premium

* Miners: CIBC raises target price of First Quantum Minerals

FM.TO to C$23.50 from C$22, Capstone Mining Corp CS.TO to C$4 from C$3.75 and Lundin Mining Corp LUN.TO to C$5 from C$4.50 on commodity price tweaks and rollover of net asset values

ON THE CALENDAR

* No major Canadian economic data scheduled for release

ECONCA

* Major U.S. events and data includes federal budget

($1= $1.09 Canadian)

(Reporting by Ayesha Sruti Ahmed in Bangalore; Editing by Nick Zieminski)

((ayeshasruti.ahmed@thomsonreuters.com)(91 80 6749 4811)(Reuters Messaging:)(ayeshasruti.ahmed.thomsonreuters.com@reuters.net))

Keywords: MARKETS CANADA/STOCKS