CANADA STOCKS-Futures erase some losses after jobs data

Fri Jan 9, 2015 9:03am EST
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(Updates data and top news)

Jan 9 (Reuters) - Futures on Canada's main stock index erased some early losses after the release of Canadian and U.S. jobs data.

March futures on the S&P TSX index were off 0.23 percent at 8.45 a.m. ET after being down 0.49 points ahead of the release of the data.

Canada's job market continued to cool in December, shedding 4,300 positions after a loss of 10,700 jobs in November, while the unemployment rate remained at 6.6 percent.

U.S. job growth increased briskly, however, further strengthening the economy's fundamentals.

Dow Jones Industrial Average e-mini futures were up 0.02 percent at 8.45 a.m. ET, after being down ahead of the data. S&P 500 e-mini futures were up 0.09 percent and Nasdaq 100 e-mini futures were up 0.31 percent.

Canada's main stock index rose 1.2 percent on Thursday, helped by positive U.S. data and higher oil prices.

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