CANADA STOCKS-TSX may open higher after U.S., Canada jobs data

Fri Jun 7, 2013 8:37am EDT
 
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June 7 (Reuters) - Canadian markets looked set to open higher on Friday after data showed U.S. employers stepped up hiring in May, a sign the economy was growing modestly but not strong enough to convince the Federal Reserve to scale back the amount of cash it is pumping into the banking system.

Separately, Canada's economy created a whopping 95,000 new jobs in May, the biggest monthly gain in 11 years, and most were full-time positions and in the private sector, Statistics Canada said on Friday in a report showing the economy may be gaining momentum.

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