CANADA STOCKS-TSX may open lower as oil falls

TORONTO, July 02 (Reuters) - Toronto's main stock market index could open lower on Thursday, as weaker oil and gold prices weigh on the resource-heavy market.

World stocks slipped from the previous day's two-week high while the dollar rose broadly as investors looked to a closely-watched U.S. employment report to gauge the state of economic recovery. [ID:nL2611799]

U.S. stock index futures fell as investors braced for all-important monthly jobs data for an insight into the state of the economy. [ID:nN02542422]

On Wednesday, Canadian markets were closed for the Canada Day holiday. On Tuesday the S&P/TSX composite index .GSPTSE fell 101.86 points, or 0.97 percent, to close at 10,374.91.

Here is some news that could affect the market:

MAGNA (MGa.TO)

Opel frontrunner Magna's consortium partner Sberbank (SBER.RTS) said the race to acquire the carmaker was all but over, though Beijing Automotive Industry Holding Co (BAIC) may still lodge a bid in the coming days. [ID:nL2541989]

AIR CANADA(ACa.TO)

Members of Air Canada's largest union rejected the carrier's plan to suspend pension funding for nearly two years, complicating the cash-strapped airline's efforts to steady its finances, a newspaper reported on Tuesday. [ID:nN30465274]

BOMBARDIER (BBDb.TO)

Bombardier to supply 22 more trains to Germany at $140 million. [ID:nWNAB3697]

OIL FALLS

A bigger than expected rise in U.S. gasoline stocks and a fresh focus on global financial weakness pushed oil markets down a dollar on Thursday to around $68 a barrel. [ID:nSYD481718]

GOLD, BASE METALS

Gold fell toward $930 per ounce on Thursday, losing ground as the dollar strengthened broadly ahead of monthly U.S. jobs data that investors expect to provide more clarity on the pace of economic recovery. [ID:nL2690181] Base metals were also lower.[ID:nL229188]

QUEBECOR WORLD INC IQW.TO

Bankrupt commercial printer Quebecor World Inc on Tuesday gained approval of its bankruptcy reorganization plan from judges in the United States and Canada, clearing the way for the company to exit bankruptcy protection.[ID:nN30465274]

CANADA RESEARCH

Raymond James cuts Canadian Pacific Railway (CP.TO) and Canadian National Railway (CNR.TO) to market perform from outperform.

For more research, please see: [CA-RCH] ($1=$1.15 Canadian) (Reporting by Nina Lex; Editing by Jeffrey Hodgson)