CANADA STOCKS-TSX could lose slice of recent gain

TORONTO, Oct 30 (Reuters) - Toronto's main stock index may
open lower on Friday as investors could be tempted to lock in
gains after a sharp rally in the previous session.

Moves in the index could also be volatile heading into the
weekend as investors digest a rash of corporate results to get
a sense of how the economic recovery is doing.

Canadian gross domestic product data, due at 8:30 a.m.
(1230 GMT), is expected to show the economy grew 0.1 percent in
August after stagnating in July. The report is not expected to
have much impact on stocks.

The S&P/TSX composite index .GSPTSE rose 269.89 points,
or 2.5 percent, to 11,075.22 on Thursday.

Here is some news that could affect the market:

IMPERIAL OIL LTD (IMO.TO)

Third-quarter profit at Imperial Oil fell 61 percent on
lower prices for oil and natural gas and weaker refining
results, Canada's No. 2 oil producer and refiner said on
Thursday. For details, see [ID:nN28295235]

FAIRFAX FINANCIAL HOLDINGS LTD (FFH.TO)

Fairfax Financial Holdings Ltd, which deals in property and
casualty insurance and reinsurance, said Thursday its quarterly
profit jumped 20 percent due primarily to improved underwriting
profit. [ID:nN29231912]

COGECO INC (CGO.TO)

Canadian cable and telecommunications company Cogeco Inc
posted a 56 percent jump in quarterly profit on strong
performance in its cable operations. [ID:nBNG135400]

IGM FINANCIAL INC (IGM.TO)

IGM Financial, Canada's No. 2 mutual fund manager, said
Thursday third-quarter profit skidded 16 percent amid falling
revenue. [ID:nN29385110]

CANFOR CORP (CFP.TO)

Canada's Canfor Corp reported a narrower-than-expected
third-quarter loss, helped largely by a foreign exchange gain,
and said it will take curtailments at most of its sawmills over
the Christmas period. [ID:nBNG534346]

CANADIAN HYDRO DEVELOPERS INC KHD.TO

Canadian Hydro terminated an agreement to acquire a
4,400-megawatt offshore wind prospect, Canada's largest
renewable energy company said Thursday. [ID:nN29370455]

COSSETTE INC (KOS.TO)

Cossette, Canada's largest home-grown advertising agency,
urged shareholders Thursday to wait until its board reviewed a
sweetened takeover offer from a North American private equity
group before tendering their stock. [ID:nN29102296]

GOLD STEADY

Gold prices steadied just shy of $1,045 per ounce Friday,
consolidating a 1.7 percent gain in the previous session, after
data showed the United States is crawling out of recession,
with investors eyeing the dollar for fresh direction. [GOL/]

OIL PRICES DIP

Oil prices hovered below $80 a barrel Friday, following a 3
percent jump the previous day, as doubts that prices may have
run ahead of supply-and-demand fundamentals tempered the
sentiment-fueled rally. [O/R]

RESEARCH ROUNDUP:

Following is a summary of research actions on Canadian
companies, as reported by Reuters. For more, please double
click [RCH/CA]

* Raymond James raises Bombardier Inc (BBDb.TO) to
"outperform" from "market perform."

* Genuity cuts Lundin Mining Corp (LUN.TO) price target by
7 percent to C$5.30 with "buy" rating.

($1=$1.07 Canadian)
(Reporting by Frank Pingue; editing by Jeffrey Benkoe)