CANADA STOCKS-TSX may extend losses; strong jobs data supports

Thu Apr 5, 2012 9:07am EDT
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April 5 (Reuters) - Toronto's main stock index looked set to open slightly lower, tracking global markets as debt crisis worries crimped investor appetite for riskier assets, though strong Canadian and U.S. jobs data provided some support


* Canadian equity futures pointed to a slightly lower open.

* The Canadian dollar rose to a session high against its U.S. counterpart on Thursday after domestic jobs data showed the economy added far more jobs than expected in March, marking the largest monthly job increase since September 2008.

* U.S. stock index futures pared losses on Thursday after data showed initial jobless claims fell to their lowest level in nearly four years last week, indicating the domestic labor market is improving.

* European shares fell, with concerns about Spain and its ability to meet budget targets hitting the euro zone peripheral indexes, while more losses were expected after the FTSEurofirst 300 index broke a support level.


* The Thomson Reuters-Jefferies CRB index, a global commodities benchmark, fell 0.04 percent in early trade.   Continued...