CANADA STOCKS-TSX futures point to higher start, jobs data awaited

Fri Dec 5, 2014 7:29am EST
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Stock futures pointed to a higher opening for Canada's main stock index on Friday.

December futures on the S&P TSX index were up 0.18 percent at 7.15 a.m. ET.

Data on employment change, trade balance and exports is due at 8.30 a.m. ET.

Canada's main stock index recorded its biggest single-day drop in 18 months on Thursday as weakness in oil prices fueled a sell-off in shares of energy producers and Toronto-Dominion Bank fell after the lender reported quarterly results.

Dow Jones Industrial Average e-mini futures were up 0.06 percent at 7.15 a.m. ET, while S&P 500 e-mini futures were up 0.12 percent and Nasdaq 100 e-mini futures were up 0.11 percent. (Morning News Call newsletter; The Day Ahead newsletter


Shares of Toronto-Dominion Bank and Canadian Imperial Bank of Commerce slid on Thursday after the companies posted soft results in what is shaping up to be a disappointing fourth-quarter earnings season for Canadian lenders.

Shares of Enbridge Inc surged more than 12 percent to a record high on Thursday, a day after the company outlined plans to transfer ownership of its Canadian pipelines to an affiliate and boost its dividend by 33 percent.   Continued...