CANADA STOCKS-Futures extend gains after strong jobs data

Fri Jan 8, 2016 8:58am EST
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(Adds economic data)

Jan 8 (Reuters) - Canadian stock futures extended gains on Friday after data indicated that the economy added more-than-expected jobs and oil prices recovered from their 12-year lows.

Canada's economy added 22,800 jobs in December, higher than the average analyst estimate of 10,000, in part making up for heavy losses in the previous month, according to data released by Statistics Canada. The unemployment rate stayed at 7.1 percent last month.

March futures on the S&P TSX index were up 1.10 percent at 8:45 a.m. ET.

Separately, Statistics Canada said that the value of Canadian building permits issued in November fell 19.6 percent on widespread declines in the energy-producing province of Alberta, which had seen a boom in October.

The Toronto Stock Exchange's S&P/TSX composite index slid on Thursday to its lowest level in nearly two-and-a-half years as investors worried about China's equities market and oil prices pushed ever lower.

Dow Jones Industrial Average e-mini futures were up 1.35 percent at 8:45 a.m. ET, while S&P 500 e-mini futures were up 1.4 percent and Nasdaq 100 e-mini futures were up 1.43 percent.

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