TSX may open lower on data showing Canada lost jobs

Fri Sep 9, 2011 8:24am EDT
 
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Sept 9 (Reuters) - Toronto's main stock index looked set to open lower on Friday as commodity prices weakened and investors digested unexpected news that the Canadian economy suffered a net loss of jobs in August.

FACTORS TO WATCH

* Canadian equity futures <0#SXF:> pointed to a lower open.

* The Canadian dollar fell to a session low against the U.S. dollar morning after data showed the domestic economy shed 5,500 jobs last month.

* U.S. stock index futures fell as a jobs proposal by President Barack Obama did little to reassure investors concerned about weak economic growth. [.N]

* European shares fell on Friday morning, tracking Wall Street lower on concern that U.S policymakers were not acting strongly enough prevent the world's biggest economy from falling into recession. [.EU]

* Markets in Asia were down, with the Nikkei posting a weekly loss of 2.4 percent and moving back towards a six-month low hit earlier in the week. ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ To receive an early e-mail of Reuters Morning News Call - Canada -- a preview of market moving news -- Thomson Reuters subscribers can register at [CA/MNC] ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^

COMMODITY PRICE MOVES

* The Thomson Reuters-Jefferies CRB index .CRB, a global commodities benchmark, fell 0.72 percent in early trade.   Continued...