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To: gladman who wrote (124508)	5/3/2001 3:53:57 PM
From: H James Morris	Respond to of 164684

Yep. >TORONTO, May 3 (Reuters) - Toronto stocks are poised to head lower at the open on Thursday after U.S. jobless claims rose to their highest level in five years and reignited fears of an economic downturn in months to come. Jobless claims rose to 421,000 in the week ended April 28, the U.S Labor Department said on Thursday. The four-week average was the highest in nearly nine years. "The number is a lot weaker than expected. It reinforces the idea that labor markets are softening. With this data out today and payrolls data out in the U.S. tomorrow, there are not going to be many buyers in the market," said Jeff Cheah, a strategist at Standard & Poor's MMS in Toronto. Investors await the U.S. employment report due on Friday.